Embassy REIT trading lot size will drop from 200 units to 1 unit, Real Estate News, ET RealEstate

NEW DELHI: Embassy Office Parks said the trading lot size for REIT Embassy units on the exchanges will be reduced to one unit from the current lot size of 200 units, the company said in a press release . The minimum subscription amount required for unitholders to subscribe is between Rs 10,000 and Rs 15,000.

The announcement follows the approval by the Securities and Exchanges Board of India (SEBI) of appropriate regulatory changes to reduce trading lots for REITs and Infrastructure Trusts (InVITs).

Michael Holland, Managing Director of Embassy REIT, said: “We welcome this proactive initiative by the regulator to reduce trading lots for REITs and InVITs. Reducing the lot size will increase liquidity for the entire REIT market, allow REITs to be included. in national benchmarks and allow greater participation of new pools of institutional and retail investors. “

The timing and effect of the lot size reduction will be decided in due course, after proper coordination with Indian stock exchanges.

Embassy REIT owns and operates a 42.4 million square foot portfolio of eight infrastructure-like office parks and four downtown office buildings in Bengaluru, Mumbai, Pune and the National Capital Region.