Embassy REIT raises $101m via NCDs to fund growth plans

Embassy REIT raises $101m via NCDs to fund growth plans

Powai, Mumbai, Maharashtra, India. Photo: Aniket Bhattacharya

Embassy REIT, the first real estate investment trust listed in India, has raised 750 crore through issue of non-convertible debentures (NCD) at 6.70% quarterly coupon rate.