Moves: India's Embassy REIT names insider Amit Shetty as CEO
31/07/2025 14:16
July 31 (Reuters) - Embassy Office Parks EMBA.NS, India's largest real estate investment trust (REIT), on Thursday named insider Amit Shetty as chief executive officer, replacing interim chief Ritwik Bhattacharjee. The company appointed Bhattacharjee as interim CEO late last year, after its then top boss Aravind Maiya stepped down following a directive from the country's markets regulator. The Securities and Exchange Board of India (SEBI), in an interim November order, asked for Maiya's suspension since he did not meet the "fit and proper" criteria for the position. Shetty, who takes on the role from Friday, is currently Embassy's chief operating officer. (Reporting by Hritam Mukherjee in Bengaluru; Editing by Shailesh Kuber) ((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))