Embassy REIT to boost ₹2,500 cr, to purchase 5 msf tech park in Chennai

Embassy Workplace Parks REIT plans to boost ₹2,500 crore by way of fairness by means of an institutional placement. This cash will partly fund its acquisition of an workplace park in Chennai for ₹1,269 crore. The REIT has agreed to purchase 5 million sq. ft of an workplace park, Embassy Splendid TechZone, in Chennai from … Read more