Bangalore-based realtor Embassy Property looking to raise up to $150M from Deutsche Bank
Bangalore-based real estate developer Embassy Property Developments is close to raising $120-150 million from Deutsche Bank, sources privy to the development told VCCircle. The privately held firm, which sought to go public three years ago but later decided against it, struck a slew of large deals (some of which in partnership with Blackstone) over the last couple of years.
A senior industry executive privy to the development who did not wish to be identified, said, “They are raising funds through an issue of non-convertible debentures (NCDs) for a clutch of projects. The term sheet would be signed soon.”...
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