Embassy REIT to enter into Rs 950 cr debt financing arrangement with its investment entity

Last Updated : Mar 29 2022 | 11:17 PM IST

The Board of Directors of Embassy Office Parks Management Services, Manager to Embassy Office Parks REIT (Embassy REIT) at its meeting held on 29 March 2022 has inter-alia approved a debt financing arrangement between Embassy REIT and its investment entity, Golflinks Software Park (GLSP) for an aggregate amount of up to Rs 950 crore, pursuant to which Embassy REIT proposes to subscribe to privately placed unlisted non-convertible debentures issued by GLSP (REIT Debt Financing). The key terms of the REIT Debt Financing, which the Embassy REIT will undertake on an arms' length basis.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Already subscribed? Log in

Subscribe to read the full story →

^*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

In-depth market analysis & insights with access to The Smart Investor

Ad-free Reading

Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

Access Business Standard across devices — mobile, tablet, or PC, via web or app

SAVE 25%

Subscribe for ₹2,700 / 1 Year

Connect with us on WhatsApp

Embassy REIT to enter into Rs 950 cr debt financing arrangement with its investment entity