Real Estate Investment Trust: Arjun Lall speaks on Embassy Blackstone REIT IPO

Pallavi Saluja April 5 2019
Arjun Lall

The Embassy Office Parks REIT IPO, backed by global private equity firm Blackstone Group and Bengaluru-based developer Embassy Property Developments Pvt Ltd, was subscribed 2.57 times during its initial share sale between March 18 and 20. The IPO saw the REIT raise a total of ₹4,750 crore (US$690 million).

This is the first ever Real Estate Investment Trust (REIT) in India - a major milestone in the real estate sector.

It will also be Asia’s largest in terms of . . .

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