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Embassy REIT subscribed 20% on 1st day of offer - Times of India

BENGALURU: Embassy Office REIT, which opened for offer on Monday, was subscribed about 20% at the end of day one, according to data from the NSE.

Institutional investors subscribed to 11.5 million shares, totalling Rs 346 crore, while other investors subscribed 2 million for Rs 71 crore. In total, Rs 417 crore was raised.

The REIT had raised Rs 1,743 crore from anchor investors last week by issuing about 58 million units at Rs 300 a piece.