Topic
embassy-reit
Business AI Broadens India Office Demand Beyond Fortune 500, Embassy REIT Says
Embassy REIT reported a 17% year-on-year revenue rise to ₹1,241 crore in Q1 FY27, with 86% of leasing from new entrants and 21% from AI-related firms. CEO Amit Shetty says AI is broadening India's office demand beyond Fortune 500 companies to Fortune 2000, mid-market firms and smaller Global Capability Centres.
Bombay HC Grants SEBI Time for Affidavits in Embassy REIT Petitions; Regulator Signals Likely Stance
The Bombay High Court has granted SEBI time to file detailed affidavits in two writ petitions concerning allegations against the Sponsor and promoters of Embassy Office Parks REIT. SEBI informed the court that it had examined the representation and arrived at a decision, which it indicated was unlikely to support the relief sought. The court directed SEBI to file reasoned affidavits by August 27, 2026, with further hearing scheduled for September 9.