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    Fidelity Investments, Kotak Life, others set to invest in Embassy Office Parks REIT IPO, says report

    Fidelity Investments, Kotak Life, others set to invest in Embassy Office Parks REIT IPO, says report

    Fidelity Investments, Kotak Life, others set to invest in Embassy Office Parks REIT IPO, says report
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    By CNBC-TV18  IST (Published)

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    Fidelity Investments, Kotak Life Insurance, other foreign and domestic institutional investors are keen to invest in Embassy Office Parks REIT listing, Mint reported on Friday.

    Fidelity Investments, Kotak Life Insurance, other foreign and domestic institutional investors are keen to invest in Embassy Office Parks REIT listing, Mint reported on Friday.
    Blackstone Group-backed Embassy Office Parks REIT looks to raise Rs 4,750 crore from its March 18-20 initial public offering (IPO), the newspaper said, adding that the REIT is selling its units for Rs 299-300 apiece, which values to Rs 23,150 crore.
    The REI has already received a large cheque from the Capital Group as part of a strategic investment and is now receiving interest from FIIs such as Fidelity, Schroders, and TT International to participate in their anchor book allocation, a person aware of the development told the newspaper.
    Kotak Life Insurance, the paper said,  is expected to invest in the anchor book, though DII interest, sources told the paper.
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