The Embassy REIT was settled on March 30 2017 at Bengaluru Karnataka India as an irrevocable trust under the provisions of the Indian Trusts Act 1882 pursuant to a Trust Deed dated March 30 2017 as amended on September 11 2018. The Embassy REIT was registered with SEBI on August 3 2017 as a real estate investment trust under Regulation 3 (1) of the REIT Regulations having registration number IN/REIT/17-18/0001. The Embassy REIT has been settled by the Embassy Sponsor for an initial sum of Rs. 500000. Pursuant to a letter dated August 21 2018 SEBI took on record the addition of the Blackstone Sponsor to the sponsors of the Embassy REIT. The Embassy Sponsor and the Blackstone Sponsor are the sponsors of the Embassy REIT.EOPMSPL has been appointed as the Manager to the Embassy REIT. EOPMSPL is held by the Embassy Sponsor and certain entities forming part of the Blackstone Sponsor Group. Axis Trustee Services Limited has been appointed as the Trustee to the Embassy REIT.Pursuant to the Formation Transactions (i) the Portfolio Assets are proposed to be held through the Asset SPVs; and (ii) the Portfolio Investment is reposed to be held through the Holdco in accordance with the REIT Regulations.The Embassy REIT is the owner of a high quality office portfolio in India that serves as essential corporate infrastructure to multinational tenants and has significant embedded growth prospects. It expects to be the first listed REIT in India upon the listing of its Units on the Stock Exchanges and believes that there is no other office portfolio of comparable scale diversity and quality in India today. Over the last two decades India has emerged as a leading services hub for global corporations due to its large talent pool and cost advantage for high value services. This along with the growth of domestic companies has resulted in robust demand for commercial office space and strong growth across India's major office markets.The Embassy's Portfolio comprises seven best-in-class office parks and four prime city-center office buildings totaling 32.7 msf as of December 31 2018 with strategic amenities including two completed and two under-construction hotels totaling 1096 keys food courts employee transportation and childcare facilities. It believes it has invested in amongst the highest quality assets in the best performing submarkets of India's key office markets of Bengaluru Pune Mumbai and Noida. These markets have exhibited strong market dynamics with world leading absorption (from 2013 - Q1 2018) and constrained forecast supply resulting in high rent growth and low vacancy on average.The Embassy REIT owns one of India's largest office portfolios and believes that replicating such a platform would be difficult given land acquisition complexities and long development timelines in India. Approximately 80.9% of the Gross Rentals from its 160+ marquee tenant base is contracted with leading multinational corporations and approximately 43.4% is contracted with Fortune 500 companies such as JP Morgan IBM and Microsoft as of December 31 2018. Its high quality tenant base along with long-term contracted rentals (with a WALE of 7.0 years) provides considerable stability to their Portfolio.While its Portfolio is highly stabilized at 95.0% Committed Occupancy It is well positioned to achieve further organic growth through a combination of contractual rent escalations re-leasing at market rents lease-up of vacant space and new construction within the Portfolio to accommodate tenant expansion. Portfolio revenue from operations is projected to grow by 55.8% over the Projections Period primarily due to these factors. It believes the scale and quality of its business that has given them a market leading position makes its properties the preferred office location in each of their respective sub markets and allows them to offer consolidation and expansion options for their tenants. This has enabled them to attract retain and grow multinational tenants in their parks leading to tenant stickiness.Embassy Office Parks REIT came out with an Initial Public Offering (IPO) of 158333.200 equity shares for cash at a price of Rs 300 per unit aggregating up to Rs 4750 Crores by the Company.