The group is in talks with few potential buyers to monetise completed and under-construction assets of the JV
It announced distribution of Rs 449.9 crore to its unitholders as dividend and interest income
Partial stake sale by sponsor Blackstone has hit sentiment
The secondary placement of units in a price band of Rs 340-350 apiece is at a discount of 3.7-6.4 per cent to Tuesday's closing price of Rs 363.55 on the National Stock Exchange.
While the Covid-19 pandemic has resulted in an uncertain near-term outlook for many businesses worldwide, Holland said Embassy REIT is uniquely positioned to weather the pandemic
In the past two years, IBREL has sold commercial assets to Blackstone for around Rs 12,250 crore
The trust selected the banks as advisers, said the people, who asked not to be identified as the discussions are private
Embassy REIT's CEO Michael Holland said the company has reported another strong quarter of performance
Not only domestically, but Embassy Reit has also piped most of its global peers in terms of returns in the past three months