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India's Embassy REIT chief steps down
India's Embassy REIT chief steps down following market regulator's order
Embassy Office Parks, India's largest real estate investment trust (REIT), said on Tuesday that Aravind Maiya will be stepping down as CEO of Embassy REIT, effective immediately, after the country's markets regulator said he was not fit to hold the position.
What prompted the SEBI order against the CEO of India's first publicly listed REIT?
In the wake of the SEBI order, shares of Embassy Office Parks REIT slipped around 2.5 per cent in intra-day trading. While they recovered slightly, the scrip was still down 1.9 per cent at Rs 394.79 in afternoon trades on the BSE.
Embassy REIT Chief Aravind Maiya steps down after SEBI directive; regulator orders immediate appointment of interim CEO
Embassy Office Parks announced the immediate resignation of CEO Aravind Maiya following SEBI's directive to suspend him and appoint an interim CEO.
India's Embassy REIT chief steps down after SEBI action
Embassy Office Parks , India's largest real estate investment trust (REIT), said on Tuesday that Aravind Maiya will be stepping down as CEO of Embassy REIT, effective immediately.
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