The base offer comprises up to 41.9 million units, representing around 4.42% of the existing total listed units. The base offer is valued at up to ₹1,801.7 crore ($189 million).
The transaction also includes an upsize option of up to 11.55 million units, representing around 1.22% of the existing total listed units. The upsize option is valued at up to ₹496.7 crore ($52 million).
If the full upsize option is exercised, the total units offered would represent around 5.64% of Embassy REIT’s existing total listed units.
The floor price for the block deal has been set at ₹430 per unit, which is a 5% discount to Embassy REIT’s last closing price of ₹452.61 on August 14, 2026, according to Bloomberg.
The transaction is a vendor sale, meaning the units are being sold by the existing investor, APAC Company XXIII Limited. The proceeds from the sale will therefore go to the seller.
Morgan Stanley India Company Private Limited and Kotak Securities Limited are the placement agents for the transaction.The base offer covers up to 41.9 million units, while the additional upsize option covers up to 11.55 million units. The transaction will be carried out through one or more unit sales on the screen-based trading platform of Indian stock exchanges.
Embassy Office Parks REIT’s units closed at ₹452.61 on August 14. The ₹430 floor price is therefore ₹22.61 below the previous closing price.
