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Reading: Mindspace REIT to raise up to Rs 200 cr through debentures
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Universal Times Magazine > Blog > Other Business News > Mindspace REIT to raise up to Rs 200 cr through debentures
Other Business News

Mindspace REIT to raise up to Rs 200 cr through debentures

Gaurav Verma
Last updated: 2020/12/08 at 6:23 PM
Gaurav Verma
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Mindspace Business Parks REIT on Tuesday said it will raise up to Rs 200 crore by issuing  debentures on a private placement basis. 

Contents
About CompanyMore than 1 Tranche

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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Gaurav Verma December 8, 2020 December 8, 2020
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