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Embassy Office Parks, India's first REIT, rises on trading debut

Embassy Office Parks, India's first REIT, rises on trading debut

Residential and commercial buildings stand in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

India’s first real estate investment trust, the Blackstone Group LP-backed Embassy Office Parks, rose on its trading debut, in a vote of confidence for a potential new funding avenue for the nation’s cash-strapped developers.

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