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Embassy Office Parks REIT informs about outcome of committee meeting

23 Aug 2023 Evaluate
Embassy Office Parks REIT has informed that the Board of Directors of Embassy Office Parks Management Services, the Manager to Embassy Office Parks REIT (Embassy REIT) at its meeting held on January 25, 2023, approved the raising of debt up to an aggregate amount of ?51,000 Million (Indian Rupees Fifty One Thousand Million only), through any means and for any purposes as may be permitted by applicable law including for refinancing existing debt. the Debenture Committee of the Board of Directors of the Manager, at its meeting held today, on August 23, 2023, has approved the issuance of 1,00,000 listed, rated, secured, redeemable, transferable, rupee denominated, non-convertible debentures with a face value of ?1,00,000 (Indian Rupees One Lakh only) each by Embassy REIT on a private placement basis for an aggregate amount of ?10,000 Million (Indian Rupees Ten Thousand Million only), in the manner as set out below: 50,000 listed, rated, secured, redeemable, transferable, rupee denominated, non-convertible debentures for an aggregate principal amount of up to ?5,000 million (Indian Rupees Five Thousand million only) (including an issue of 30,000 debentures with the aggregate principal amount of up to ?3,000 Million (Indian Rupees Three Thousand Million only) with a greenshoe option of 20,000 debentures of a principal aggregate amount of up to ?2,000 Million (Indian Rupees Two Thousand Million only)) for a term of 60 months from the deemed date of allotment (Series VIII Debentures); and 50,000 listed, rated, secured, redeemable, transferable, rupee denominated, non-convertible debentures for an aggregate principal amount of up to ?5,000 million (Indian Rupees Five Thousand million only) for a term of 24 months from the deemed date of allotment (Series IX Debentures).

The above information is a part of company’s filings submitted to BSE.

Embassy Office Parks Share Price

449.36 0.03 (0.01%)
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