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Mindspace REIT to raise up to `200 cr via debentures

Mindspace Business Parks REIT on Tuesday said it will raise up to Rs 200 crore through issuance of debentures on a private placement basis.

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Mindspace Business Parks REIT
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9 Dec 2020 12:25 AM IST

New Delhi: Mindspace Business Parks REIT on Tuesday said it will raise up to Rs 200 crore through issuance of debentures on a private placement basis.

The decision was taken at an executive committee meeting of K Raheja Corp Investment Managers LLP, manager to Mindspace Business Parks REIT (Mindspace REIT), according to a regulatory filing. The committee has approved the issue of non-convertible debentures by Mindspace REIT on a private placement basis for an aggregate amount of upto Rs 200 crore in one or more tranches.

Mindspace Business Parks is India's second REIT (Real Estate Investment Trust), and got listed this year after a successful launch of public issue of about Rs 4,500 crore. The country's first REIT, Embassy Office Parks, got listed in April last year after raising

Rs 4,750 crore. (PTI)

Mindspace Business Parks REIT K Raheja Corp Investment Managers LLP Mindspace REIT Mindspace Business Parks REIT 
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