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Embassy REIT Chief Aravind Maiya 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.
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.
Embassy REIT units fall as Maiya steps down as CEO
Embassy Office Parks REIT unit price drops after CEO steps down, but company remains optimistic about future growth.
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.
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.
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