Embassy Office Parks REIT

Embassy Office Parks REIT has completed the acquisition of IT park Embassy TechVillage in Bengaluru for Rs 9,782 crore as part of its growth strategy. Earlier, the company has raised Rs 3,680 crore ($501 million) through sale of units to institutional investors to partly fund its acquisition of Embassy TechVillage.

Embassy Office Parks REIT is India's first publicly-listed REIT (Real Estate Investment Trust) sponsored by Blackstone and Embassy group.