India: Embassy REIT raises $252m from anchor investors ahead of IPO

India: Embassy REIT raises $252m from anchor investors ahead of IPO

Photo by Livemint

India’s first real estate investment trust (REIT) — Embassy Office Parks REIT— on Friday raised 1,743 crore by allocating units to institutional investors as part of its so-called anchor book allocation of its initial public offering (IPO), according to stock exchange filings.

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