Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited from Tech Park Holdings Pte. Ltd. and Futura Techpark Private Limited.
Embassy Office Parks REIT (NSEI:EMBASSY) agreed to acquire Eleanor Realty Holdings India Private Limited from Tech Park Holdings Pte. Ltd. and Futura Techpark Private Limited for an enterprise value of INR 8.5 billion on December 2, 2025. A cash consideration will be paid by Embassy Office Parks REIT. The enterprise value of INR 8.52 billion is subject to adjustments in relation to net debt, working capital and other adjustments, as agreed among the parties. Upon completion of the Proposed Acquisition, Embassy REIT will hold 100% equity interest in Eleanor Realty Holdings.
For the period ending March 31, 2025, Eleanor Realty Holdings India Private Limited reported total revenue of INR 576.91 million.
The deal has been approved by the board of Embassy Office Parks. The long stop date for completion of the Proposed Acquisition is 45 days from the execution of the Share Purchase Agreement.
Embassy Office Parks REIT (NSEI:EMBASSY) completed the acquisition of Eleanor Realty Holdings India Private Limited from Tech Park Holdings Pte. Ltd. and Futura Techpark Private Limited on March 3, 2026. PricewaterhouseCoopers LLP acted as financial and tax due diligence advisor to Embassy Office Parks REIT. S&R Associates acted as legal advisor to Embassy Office Parks REIT.
Embassy Office Parks REIT is an India-based real estate investment trust (REIT). The Company’s operating segments include Commercial Offices, Hospitality and Other. It owns and operates an approximately 51.2 million square feet (msf) portfolio of ten infrastructure-like office parks and four city-center office buildings in the office markets of Bengaluru, Mumbai, Pune, and the National Capital Region (NCR) and Chennai. The Company’s portfolio comprises approximately 40.4 msf completed operating area and is home to 274 companies. The portfolio also comprises strategic amenities, including four operational business hotels, two under-construction hotels, and 100 megawatts (MW) solar park supplying renewable energy to tenants. Its portfolio includes Embassy Manyata Business Park, Hilton Hotels, Embassy GolfLinks Business Park, Embassy TechVillage, Embassy One, Four Seasons, Embassy Business Hub, Embassy Energy, Express Towers, First International Finance Center, Embassy 247, among others.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited from Tech Park Holdings Pte. Ltd. and Futura Techpark Private Limited.
