Embassy Office Parks REIT has closed its trading window effective from the opening of business hours on September 30, 2026. The closure applies to all designated persons and their immediate relatives.

The restriction will remain in force until 48 hours after the declaration of financial results for the quarter and half year ended September 30, 2026. This measure is taken pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Regulatory compliance details

The company informed both the National Stock Exchange and BSE Limited about the closure. The action aligns with the Code on unpublished price sensitive information and dealing in securities. Designated persons are prohibited from trading in the company's securities during this period.

Embassy Office Parks REIT has raised ₹1,000 crore through Series XVIII Non-Convertible Debentures (NCDs), becoming the first Indian REIT to access funding from a scheduled commercial bank at the trust level. The transaction follows the Reserve Bank of India’s June 2026 framework permitting banks to finance REITs directly.

The NCDs were fully subscribed by a leading European multinational bank. This landmark deal underscores the strengthening of India's REIT financing ecosystem, complementing traditional capital market instruments with institutional bank capital.

Allotment Details

The entity allotted 1,00,000 listed, rated, secured, redeemable, and transferable rupee-denominated NCDs. Each debenture carries a face value of ₹1,00,000. These instruments are classified as Series XVIII Debentures. The issue price was discovered via multiple yield allotment method on BSE Limited’s Electronic Book Building Platform on September 23, 2026. Embassy REIT received a consideration of ₹1,000.07 crore against the aggregate principal amount of ₹1,000 crore.

Coupon Structure

The Series XVIII Debentures carry a floating coupon payable quarterly. The rate is defined as the aggregate of the 3-month MIBOR-OIS rate and a spread of 150 bps, reset quarterly. For the initial coupon period, the rate stands at 6.97% per annum.

Use of Proceeds

The capital raised from the Series XVIII Debentures will be utilized strictly for two purposes. First, it will go towards the repayment of existing debt held by Embassy REIT. Second, it will cover the expenses associated with the issuance of these new debentures.

This transaction aligns with the regulatory framework governing REIT borrowings in India, ensuring that the fund manager maintains compliance with SEBI regulations regarding debt limits and utilization.

Regulatory Milestone

The Borrowings Committee of the Board of Directors of Embassy Office Parks Management Services Private Limited, the manager to the REIT, approved the allotment through a resolution passed by circulation. This issuance falls under the larger borrowing limit of ₹9,000 crore sanctioned by the Board in April 2026.

Amit Shetty, Chief Executive Officer of Embassy REIT, stated that continued regulatory support from SEBI and RBI has strengthened access to long-term funding. He noted that this new framework opens an important source of institutional capital that complements traditional capital market funding and further deepens the financing ecosystem.