Embassy Group plans to raise Rs 1,600 crore through zero-coupon bonds to fund new projects, refinance debt, and acquire a 5% stake in WeWork India. The debt, raised via its subsidiary Serenesummit Realty, will be secured by pledging shares of WeWork India and other assets. The bond, with a three-year tenure, could offer a 16% IRR, linked to WeWork India's upcoming IPO.
