News for Embassy Office Parks REIT (EMBASSY.BO)

Office REITs in India see rise in occupancies and rents, driving strong demand and increasing distributions.

Smallcap selloff: Nuvama Institutional Equities said dynamics of the current correction resemble a bear market as the slowdown is now led by domestic credit. SMID profit (ex-BFSI) has slipped into contraction, it said.

Embassy Office Parks REIT reports record revenue, leasing activity, and distributions in Q3 FY2025, showcasing strong performance and growth.

Embassy Group plans to raise Rs 1,600 crore through zero-coupon bonds to fund new projects, refinance debt, and acquire a 5% stake in WeWork India. The debt, raised via its subsidiary Serenesummit Realty, will be secured by pledging shares of WeWork India and other assets. The bond, with a three-year tenure, could offer a 16% IRR, linked to WeWork India's upcoming IPO.

Embassy Office Parks REIT has rented out 2,07,000 square feet office space in Bengaluru to global cybersecurity firm Rubrik, signalling strong demand for premium workspaces. In a regulatory filing on Thursday, the company informed that it has signed an Agreement to Lease (ATL) with Rubrik at 'Embassy TechVillage' project in Bengaluru.

WeWork India has rented about 1.75 lakh sq ft of office space in Bengaluru and Pune to expand its business and cater to a rising demand for managed flexible workspaces.The company will offer around 3,000 desks in these two upcoming coworking centres to its corporate clients.

The Indian REITs Association has a new chairman. Alok Aggarwal will lead the organization. He is the CEO of Brookfield India Real Estate Trust. The association promotes the growth of REITs in India. Aggarwal aims to boost innovation and transparency in the sector. He brings over 30 years of real estate experience to the role.

Alok Aggarwal, MD and CEO of Brookfield India Real Estate Trust, has been appointed Chairman of the Indian REITs Association (IRA). The IRA, founded in 2023, aims to foster the growth of India's REIT sector. Aggarwal's leadership is expected to drive innovation and transparency, creating value for investors and contributing to the sustainable growth of REITs in India.

Embassy Office Parks REIT has raised Rs 1,000 crore through issue of Non-convertible Debentures to repay its outstanding loan. In a regulatory filing on Tuesday, Embassy REIT said it has raised Rs 1,000 crore through five-year coupon-bearing debt at an interest rate of 7.73%.

InvITs and REITs fund-raising trends in FY25, with InvITs facing challenges while REITs maintain momentum and expansion plans.

Buzzing stocks, Stocks to watch today: Tata Power, MOIL, Lodha, Aurionpro, Brigade group, Rushil Decor, INOX India, Northern Arc, Embassy REIT, SBI, LIC, Ola, Tata Motors, Premier Energies, Ashok Leyland, Equitas SFB

Embassy REIT announced CEO Maiya's resignation after SEBI issued a show-cause notice citing his disqualification following a 10-year audit ban

Shares of Embassy Office Parks REIT are in focus as CEO Aravind Maiya was suspended by SEBI for violating compliance norms. Maiya will transition to the role of Head of Strategy for the company. This follows an NFRA ruling that debarred him for 10 years over professional misconduct related to his prior role as an auditor for Coffee Day Enterprises, where lapses in audit standards contributed to a major financial scandal.

Stocks including Titan, ABB India, IRCTC, Afcons Infra, Gland Pharma, Dixon Tech, Raymond, Amara Raja Energy and more will be the spotlight on Tuesday, November 05.

The iShares MSCI India Small-Cap ETF gives investors a fresh way to get in on the growth of India's small-cap market. Read more on SMIN ETF update here.

"On the daily chart, Nifty continues to move towards the upper Bollinger band. Additionally, the index has been sustaining above the critical near-term moving average. Sentiment may continue to favor the bulls as long as it remains above 24,650. On the other hand, the current rise might extend towards 25,000 in the near term," said Rupak De of LKP Securities.

Global investment firm Blackstone on Friday sold 31.55 crore units in its REIT firm 'Nexus Select Trust' for around Rs 4,354.90 crore through a block deal on stock exchanges as part of a strategy to monetise real estate portfolio.

Companies including Adani Green, ITC, Axis Bank, Larsen & Toubro, RBL Bank, Sun Pharma, Dr Reddy's, RVNL, IEX and more may remain under the spot before the opening bell on Thursday, July 25.

Stock Market today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 20 December 2023. -- Sensex, Nifty updates 20 December 2023: After opening in record highs, market benchmark indices plunged into the red range on Wednesday. At 3.30 pm, the BSE Sensex declined 930.88 points to 70,506.31, with the Nifty losing 302.95 points to 21,150.15. Sharp unwinding is reflected in mid-cap and small-cap stocks. The Nifty small-cap 100 recorded a percent change of -3.63, while the Nifty mid-cap 100 experienced a change of -3.27%. This was the worst session in three months for small-caps and 12 months for mid-caps.