 "Embassy,Reit")
India’s first real estate investment trust (Reit) Embassy Office Parks Reit on Friday allotted units worth Rs 1,743 crore to anchor investors. The move comes ahead of its initial public offering (IPO) which opens on Monday and closes on Wednesday. The allotment was made at Rs 300 per unit.
The price band for the issue is Rs 299 to Rs 300 per share. Embassy Reit is looking to raise Rs 4,750 crore through the IPO. Both foreign as well as domestic institutional investors applied in the anchor category. Some of the investors include Fidelity, Schroder, Morgan Stanley, Wells Fargo and Kotak
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