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Embassy Office Parks Shares Jump In Market Debut Of India's First REIT
Embassy Office Parks IPO earlier this month was subscribed 2.57 times The REIT comprises 11 office assets in Bengaluru, Mumbai, Noida, Pune Strength in commercial office space seen sustaining in near future
01 Apr 2019, 05:59 PM IST 
Shares in Embassy Office Parks, India's first-ever real estate investment trust (REIT), rose more than 8 per cent on their market debut on Monday, renewing expectations for more such issues in the coming months. The unit closed at Rs 314, marking a gain of 4.67 per cent, after touching a high of Rs 324.80, 8.3 per cent above its initial public offering (IPO) price of Rs 300.
