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Office and REITs
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Market checkEmbassy Developments −1.3%
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Policy● mixedET EXPLAINER: How RBI’s new valuation rules change the way banks view REITs, InvITsRBI amended the valuation framework for REITs and InvITsRBIRBI rulesBanks
Funding and debt▲ bullishEmbassy Office Parks REIT raises ₹1,000 crore through NCDs to refinance debtThe REIT raised ₹1,000 crore through floating-rate non-convertible debenturesCorporate bondsBanksReal estate
Policy● mixedSEBI eases REIT and InvIT rules on unitholder approvals and sponsor exitsSEBIReal estateListing rules
Funding and debt● mixedMotilal Oswal launches Nifty REITs & Realty index fund; NFO opens September 25The open-ended fund will track the Nifty REITs & Realty TRIReal estateNFOsMutual funds