CosmicTaco

Embassy REIT CEO Steps Down Amid SEBI Order

CosmicTaco · 2024-11-05T19:22:46.569097+05:30

- Embassy Office Parks announced that Aravind Maiya is stepping down as CEO of Embassy REIT, effective immediately. - The decision follows an interim order from SEBI directing the suspension of Maiya. - SEBI instructed Embassy Office Parks Management Services to appoint an interim CEO immediately. - Embassy Office Parks is India's largest real estate investment trust (REIT). - The announcement was made on Tuesday, shortly after SEBI's directive. Source: [Mint](https://www.livemint.com/companies/news/embassy-reit-chief-aravind-maiya-steps-down-following-sebi-directive-interim-ceo-to-be-appointed-11730774586749.html), [Hindustan Times](https://www.hindustantimes.com/business/embassy-reit-ceo-steps-down-after-sebi-order-report-101730773862013.html)

Embassy Office Parks announced that Aravind Maiya is stepping down as CEO of Embassy REIT, effective immediately.
The decision follows an interim order from SEBI directing the suspension of Maiya.
SEBI instructed Embassy Office Parks Management Services to appoint an interim CEO immediately.
Embassy Office Parks is India's largest real estate investment trust (REIT).
The announcement was made on Tuesday, shortly after SEBI's directive.

Source: Mint, Hindustan Times