BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
As per disclosures made by the company, Embassy Office Parks REIT has approved acquisition of Embassy Tech Village (ETV) for a total enterprise value of Rs 97,824 million (subject to adjustments in relation to net debt, working capital and other adjustments as agreed among the parties).
The company has exercised its right under the right of first offer agreement to acquire the asset.
ETV spans over 84 acres and derives 88% of its rents from multinational occupiers. ETV is 97.3% occupied and has a 9.7 year weighted average lease expiry with a 33.7% mark-to-market potential.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
