India's Embassy REIT chief steps down after SEBI action
05/11/2024 02:15
Nov 5 (Reuters) - Embassy Office Parks EMBA.NS ,
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.
The decision comes shortly after Indian markets regulator
SEBI directed Embassy Office Parks Management Services, the
manager of Embassy REIT, to suspend Maiya in an interim order.
The regulator also told Embassy on Monday to appoint an interim
CEO with immediate effect.
(Reporting by Ashish Chandra in Bengaluru; Editing by Sherry
Jacob-Phillips)
((ashish.chandra@thomsonreuters.com; +91 7982114624;))