Investors rush to Embassy for India’s debut Reit IPO

Blackstone-backed Embassy Office Parks Real Estate Investment Trust (Reit) has sealed the book for its Rp47.6bn ($694.3m) IPO well oversubscribed.

  • By Jonathan Breen
  • 21 Mar 2019
The Reit — a joint venture between private equity firm Blackstone and local property developer Embassy Group — is the first such trust to go public in India. As a result, it has been flashing on foreign and domestic investors' radars, with enough offshore demand pre-launch to cover ...

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