Embassy group had already defaulted… Embassy has Corportae Governance issues…now Black stone has also defaulted, Tax regime is not friendly, Interest rates are rising. Inflation not abating , Main promoter Blackstone is reducing stake, Company is refinancing its debt from NBFC… Company has now lost its negotiation power and debt refinancing onwards will be significantly high…
All hell broke into Embassy REIT…
Discl : Not invested just following for academic purpose…
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