Embassy Office Parks REIT's Novo Run Workplace Wellness Program Completes 100 Weeks at Embassy Manyata Business Park

2 min read     Updated on 02 Feb 2026, 12:26 PM
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Overview

Embassy Office Parks REIT and Novo Nordisk Education Foundation celebrated the completion of 100 weeks of the NovoHealth@EmbassyManyata workplace wellness program at Embassy Manyata Business Park in Bengaluru. The flagship 5K running initiative, launched in March 2024, serves over 100,000 employees and has evolved into a community-led movement promoting active lifestyles among corporate workers. The milestone event featured participation from senior leaders of multinational companies including Rolls Royce, Nokia, and other major occupiers of the business park, highlighting the program's success in fostering workplace wellness across the corporate ecosystem.

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Embassy Office Parks REIT , in collaboration with Novo Nordisk Education Foundation, has achieved a significant milestone with the completion of 100 weeks of the NovoHealth@EmbassyManyata workplace wellness program. The initiative, celebrated on February 2, 2026, represents a sustained commitment to promoting active lifestyles and holistic well-being among corporate employees at Embassy Manyata Business Park in Bengaluru.

Program Milestone and Leadership Recognition

The 100th week celebration brought together key stakeholders including Mr Vikrant Shrotriya, Managing Trustee of Novo Nordisk Education Foundation, and Mr Amit Shetty, CEO of Embassy REIT. Senior leaders from leading multinational companies and occupiers of Embassy Manyata, including Rolls Royce, Rohde & Schwartz India Pvt. Ltd., and Nokia Bengaluru, participated in the milestone event.

Program Details: Information
Duration Completed: 100 weeks
Launch Date: World Obesity Day, March 2024
Employees Served: Over 100,000
Location: Embassy Manyata Business Park, Bengaluru
Program Type: Flagship 5K running initiative

Leadership Perspectives on Wellness Impact

Vikrant Shrotriya emphasized the program's significance beyond the numerical milestone, stating that "100 weeks of Novo Run is more than a milestone. A cumulative 85,500 steps towards better health!" He highlighted the initiative's role in addressing India's obesity challenges through workplace-driven lifestyle changes, noting that habit formation for healthy living has been challenging for most individuals.

Amit Shetty praised the partnership's evolution, describing how "the Novo Run complete 100 weeks and evolve into a truly community-led movement." He emphasized Embassy REIT's commitment to building wellness-oriented communities within their ecosystems that foster vibrant and engaged workplaces.

Corporate Participation and Community Engagement

The NovoHealth@EmbassyManyata program has grown into a vibrant workplace wellness platform since its launch. Dedicated employees from multiple organizations have contributed to its success, creating a benchmark for workplace wellness initiatives.

Participating Organizations:

  • Carelon
  • Nokia
  • HCL
  • IBM
  • Cognizant
  • Kyndryl
  • Fidelity
  • Mavenir
  • WSP
  • Target

Health Crisis Context and Workplace Solutions

The initiative addresses India's growing health challenges, with 101 million people living with diabetes and 254 million facing generalized obesity. Urbanization has accelerated the prevalence of non-communicable diseases such as diabetes, obesity, and cardiovascular conditions. Given the significant time individuals spend at work, workplaces play a pivotal role in promoting healthier habits.

Future Sustainability Integration

As the initiative enters its next phase, it will continue integrating sustainability and employee engagement into core activities. The program reinforces the message that health and environmental responsibility work hand in hand, aligning with Embassy REIT's broader commitment to sustainable workplace ecosystems.

The successful completion of 100 weeks demonstrates the effectiveness of workplace-based wellness interventions in improving health outcomes, establishing a model for corporate wellness programs across India's business parks and office complexes.

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Embassy Office Parks REIT Approves ₹500 Crore Commercial Paper Issue for Debt Refinancing

1 min read     Updated on 23 Jan 2026, 02:54 PM
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Reviewed by
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Overview

Embassy Office Parks REIT's Debenture Committee approved a ₹500.00 crore Commercial Paper issue (CP Tranche VIII) with a 51-day term during its January 23, 2026 meeting. The issuance falls under the REIT's ₹10,500.00 crore debt framework approved in 2025, with proceeds designated for existing debt repayment and working capital needs. The approval includes a compliance condition limiting total outstanding Commercial Papers to 10% of consolidated debt.

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*this image is generated using AI for illustrative purposes only.

Embassy Office Parks REIT has announced that its Debenture Committee approved the issuance of Commercial Papers worth ₹500.00 crores during a meeting held on January 23, 2026. The CP Tranche VIII Issue represents the latest debt raising initiative under the REIT's comprehensive financing framework.

Commercial Paper Issue Details

The Debenture Committee approved the issuance of listed, rated, redeemable, rupee denominated Commercial Papers with specific parameters designed to meet the REIT's financing requirements.

Parameter: Details
Issue Amount: ₹500.00 crores
Issue Name: CP Tranche VIII Issue
Term Period: 51 days from deemed date of allotment
Currency: Indian Rupees
Nature: Listed, rated, redeemable

Debt Framework and Compliance

The CP Tranche VIII Issue operates within Embassy REIT's previously established debt raising framework. The Board of Directors of Embassy Office Parks Management Services Private Limited, the Manager to Embassy REIT, had approved raising debt up to an aggregate amount of ₹10,500.00 crores during meetings held on April 23, 2025 and July 31, 2025.

The Committee's approval includes a crucial compliance condition that the total outstanding amount raised by Embassy REIT, its SPVs and Holdco through Commercial Papers must not exceed 10% of Embassy REIT's consolidated outstanding debt. This prudential limit ensures balanced debt composition across different financing instruments.

Fund Utilization Strategy

The proceeds from the CP Tranche VIII Issue will serve dual purposes in Embassy REIT's financial management strategy:

  • Debt Repayment: Refinancing existing debt obligations of Embassy REIT, its SPVs and Holdco
  • Working Capital: Meeting operational funding requirements across the REIT structure

Meeting Proceedings

The Debenture Committee meeting was conducted efficiently on January 23, 2026, commencing at 14:03 hours IST and concluding at 14:15 hours IST. The meeting outcome was formally communicated to both the National Stock Exchange of India Limited and BSE Limited, maintaining regulatory compliance and transparency requirements.

This Commercial Paper issuance reflects Embassy REIT's ongoing efforts to optimize its debt portfolio while maintaining financial flexibility for operational and strategic requirements across its real estate investment trust structure.

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