Embassy REIT trading lot size to reduce from 200 units to 1 unit

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

The announcement follows the Securities and Exchanges Board of India’s (SEBI) approval of the amendments to the appropriate regulations to reduce trading lots for both REITs and Infrastructure Trusts (InVITs).

Michael Holland, chief executive officer of Embassy REIT said, “We commend this proactive initiative by the regulator to reduce the trading lots of both REITs and InVITs. The reduction in lot size will increase liquidity for the entire REIT market, enable REITs to be included into benchmark domestic indices and allow greater participation from newer pools of institutional and retail investors.”

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

Embassy REIT owns and operates a 42.4 million sq feet portfolio of eight infrastructure-like office parks and four city‑centre office buildings in Bengaluru, Mumbai, Pune, and the National Capital Region.