Aravind Maiya steps down as CEO of Embassy REIT after SEBI action

Embassy Office Parks on Tuesday said that Aravind Maiya will be stepping down as Embassy REIT CEO, effective immediately. This comes after SEBI ordered India's largest real estate investment trust (REIT) to suspend Maiya over negligence in the audit of Coffee Day Enterprises. SEBI had said Maiya is not "fit and proper" for the position.