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Embassy to Raise Rs 800 crore in debt
Oct 16, 2013
BANGALORE: Bangalore-based real estate developer Embassy Property Developments is in talks to raise Rs 800 crore in debt to fund its planned acquisition of an IT park in the city, a person with direct knowledge of the development said. "The builder is in talks with banks and financial services companies including HDFC LtdBSE -2.37 % and Indiabulls to raise the debt," this person said. "Earlier, Embassy and Blackstone were jointly expected to buy the 2.1-million sq ft Vrindavan Tech Park, but now

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