Mindspace Business Parks REIT Receives Approval to Raise Up to INR 1,57,000 Million in Debt Securities
The Executive Committee of the Board of Directors of K Raheja Corp Investment Managers Private Limited, acting as the manager for Mindspace Business Parks REIT, approved plans to raise substantial funds through the issuance of non-convertible debt securities and commercial papers.The approval for raising funds, finalized during the committee meeting held on Wednesday, April 29, 2026, allows Mindspace REIT to raise up to an aggregate amount not exceeding INR 1,57,000 Million (Rupees one lakh fifty seven thousand million).
This fundraising initiative involves the issuance of non-convertible debt securities and commercial papers, as well as funds in any other form permitted under applicable laws. The raised amount is noted to be net of repayments, and includes the outstanding indebtedness from time to time.
The fundraising is subject to a critical structural condition: the aggregate consolidated borrowings and deferred payments of Mindspace REIT and its HoldCo/Asset SPVs, net of cash and cash equivalents, must not exceed 33% of the total value of assets belonging to Mindspace REIT together with its HoldCo/Asset SPVs.
The transaction may be structured in one or more tranches, series, issuances, or phases.
MINDSPACE Stock Price Movement
Shares of Mindspace Business Parks REIT are gaining 0.34% in live trading, trading at ₹468.42 as of 10:50 AM today. The stock has bounced within its intraday range, recovering from a low of ₹467.01 on a volume of 13,266 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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