Embassy Office Parks REIT - Share Of Dividend To Rise Going Ahead: ICICI Securities
Office space in a skyscraper. (Photographer: Hollie Adams/Bloomberg).

Embassy Office Parks REIT - Share Of Dividend To Rise Going Ahead: ICICI Securities

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.

ICICI Securities Report

As per an exchange announcement, The Embassy Office Parks REIT has received approval from the National Company Law Tribunal in relation to its composite scheme of arrangement among its entities that restructures and simplifies the ownership of key portfolio assets, including Embassy Manyata, Bengaluru and Embassy TechZone, Pune.

Post the expected completion of collapsing the Manyata special purpose vehicles shareholding into a two-tier structure, we expect the overall share of tax-free dividends plus SPV debt amortization to rise from approximately 62% in nine months FY21 to between 70-75% from FY22E onwards.

Click on the attachment to read the full report:

ICICI Securities Embassy_REIT Company Update.pdf


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