Mindspace Business Parks REIT on Tuesday said it will raise up to Rs 200 crore by issuing 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.
About Company
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.
More than 1 Tranche
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.
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