In an important regulatory action, SEBI directed the suspension of Embassy REIT CEO Aravind Maiya due to compliance issues within the trust's management structure.
SEBI, India’s capital markets regulator, issued an interim order asking Embassy Office Parks, which manages the largest REIT in the country, to promptly remove Maiya from his role. This decision reflects SEBI’s commitment to transparency and governance in major investment vehicles. Additionally, SEBI instructed Embassy to appoint an interim CEO immediately.