Embassy REIT IPO will list ahead of schedule on April 1
India’s first real estate investment trust (REIT), Embassy Office Park REIT, will list on Monday April 1 on bourses one week ahead of its mandatory listing date.
The Embassy Office Parks REIT, a joint venture between the Bangalore-based property developer and private equity firm Blackstone successfully raised Rs 4,750 crore from the primary market last week.
Embassy REIT units were allotted at Rs 300 per unit.
REITs are required to be listed on recognised stock exchange within 12 days of closure of offer.