Mindspace Business Parks REIT Receives Credit Rating Updates from ICRA Limited
Mindspace Business Parks REIT has received updated credit ratings from ICRA Limited for its various instruments, confirming the status of its existing debt obligations. The ratings were issued on April 06, 2026.The credit rating details provided by ICRA Limited confirm the following ratings for the REIT:
| Credit Rating Agency | Particulars | Size of the Issue (Crore) | Rating and Outlook |
|---|---|---|---|
| ICRA Limited | Issuer Rating | - | ICRA AAA/ Stable (reaffirmed) |
| ICRA Limited | Non-convertible Debenture | INR 9,040 | ICRA AAA/ Stable (reaffirmed) |
| ICRA Limited | Commercial Paper | INR 2,500 | ICRA A1+ (reaffirmed) |
These reaffirmed ratings cover the REIT's instruments, including the Units listed with the scrip symbol 'MINDSPACE', and Non-convertible Debentures and Commercial Papers with various scrip codes.
The reaffirmation confirms the validity of the previously rated instruments. For the Non-convertible Debenture, the rated amount stands at INR 9,040, receiving the rating of ICRA AAA (Stable). The Commercial Paper segment, with a rated amount of INR 2,500, holds an ICRA A1+ rating.
For comprehensive details regarding these credit ratings, investors are advised to visit the ICRA website.
MINDSPACE Stock Price Movement
At the close of trade, shares of Mindspace Business Parks REIT rallied by 1.46% to trade at ₹464.00. The stock navigated a day-long range between ₹457.33 and ₹466.18, supported by a total volume of 134,840 shares traded.Source:
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