Embassy REIT Chief Aravind Maiya steps down
Business Standard · 5h
Embassy REIT CEO Aravind Maiya resigns following Sebi suspension directive
Embassy Office Parks, the largest real estate investment trust (REIT) in India, announced on Tuesday that Aravind Maiya has resigned as the CEO of Embassy REIT, effective immediately. Maiya’s departure follows a directive from the Securities and Exchange ...
Business Standard · 13h
Embassy REIT declines 3% as CEO Aravind Maiya resigns post Sebi's order
The weakness in the stock can be attributed to CEO Aravind Maiya's resignation post market regulator Securities Exchange Board of India's (Sebi) direction of suspension for failing to meet its “fit & proper” criteria for top executives. Around 11:53 AM ...
Indiatimes · 6h
Embassy REIT CEO Arvind Maiya to step down following SEBI order to suspend him
Aravind Maiya, the CEO of Embassy Office Parks Management Services that manages Embassy REIT, will step down from his post following market regulator Sebi's direction to suspend him and appoint an interim CEO immediately.
The Week · 10h
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.
The Free Press Journal · 18h
SEBI Directs Embassy Office Parks To Suspend CEO; Imposes Penalty Of ₹50 Lakh
In a regulatory filing, Embassy Office Parks REIT said, "While we are reviewing the order and evaluating all options, in compliance with SEBI's directive, effective immediately, Aravind Maiya will be stepping down as CEO of Embassy REIT." It added that Maiya would assume the role of head of strategy for Embassy REIT.
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