Embassy REIT Raises ₹1,400 Crore via NCDs and Acquires Bengaluru Office Asset from Xander

Embassy Office Parks REIT has raised ₹1,400 crore through a fully subscribed 10-year Non-Convertible Debenture at a 7.49% coupon, strengthening its long-term capital structure with top-tier credit ratings. Separately, Embassy REIT acquired the Pinehurst office building in Bengaluru from Singapore-based Xander for ₹852 crore, marking the first third-party office asset purchase by an Indian REIT. This transaction reflects growing institutional interest and the evolving REIT market in India, which now includes five listed REITs with significant office portfolios.