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India’s Embassy Office board OKs up to Rs. 36.5 billion debentures
By Sarah Lizee
Olympia, Wash., April 23 – Embassy Office Parks REIT informed the Bombay Stock Exchange that the debenture committee of its board of directors met on Tuesday and approved an issue of up to Rs. 36.5 billion of secured redeemable nonconvertible debentures.
The issue will be split into two tranches. Tranche A will include up to Rs. 30 billion of debentures, and tranche B will include Rs. 6.5 billion of debentures.
The real estate investment trust is based in Bengaluru, India.
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