Ltd has received bids of ₹2,300-2,400 crore for its Global Technology Park in Bengaluru from Embassy Office Parks, UK-based Actis Llp, and Singapore’s GIC Pte. Ltd, among others, three people familiar with the transaction said, reflecting significant global interest in rent-yielding office assets in India. Its only previous investment was made in 2011, when it bought Assetz Global Technology Park, now known as Global Technology Park, for ₹800 crore from the Mapletree India China Fund. The Global Technology Park transaction is on in full steam and the deal should close soon," said one of the three people mentioned above. Embassy Office Parks launched its REIT earlier this year and had said that it aims to expand its 33 million sq.

Source: Mint October 21, 2019 19:30 UTC