Bengaluru, March 15 -- In a first of its kind by a Real Estate Investment Trust in India (REIT), the Embassy Office Parks REIT will go for an Initial Public Offering (IPO) to raise over Rs 4750 crore, larger part of its proceedings to repay the debt, Mr Michael Hollard, CEO of the firm informed here on Friday. Addressing newsmen here, Mr Hollard informed that Embassy REIT is issuing units aggregatingupto Rs 4750 crore and will constitute a minimum 10 per cent of the issued and paid-up nits on a post-issue basis in accordance with the REIT regulations. Informing that the net proceeds from the issue will be utilised for partial or full repayment orpre-payment of bank and financial institution debt of certain Asset Special Purpose Vehicles and...