Mindspace REIT approves raising funds via NCDs/CPs up to INR 1,71,000 Million
July 09, 2026
AI Summary
Mindspace Business Parks REIT's manager approved raising up to INR 1,71,000 Million through debt securities and commercial papers on July 9, 2026. The issuance will be conducted in tranches, subject to a leverage cap of 33% of total assets.
Mindspace Business Parks REIT has approved raising funds up to INR 1,71,000 Million through the issuance of non-convertible debt securities and commercial papers. The Executive Committee of the Board of Directors of K Raheja Corp Investment Managers Private Limited, acting as the manager to Mindspace Business Parks REIT , granted the approval on July 9, 2026. The fund raising aims to support the REIT's capital structure while maintaining a leverage cap.
The aggregate amount, net of repayments and adjusted for minority interest, includes outstanding indebtedness and will be raised in one or more tranches. The approval is subject to the condition that the aggregate consolidated borrowings and deferred payments of Mindspace REIT and its HoldCo or Asset SPVs, net of cash and cash equivalents, shall not exceed 33% of the total value of assets.
Key Approval Details
|
Detail |
Information |
|
Approval Date |
July 9, 2026 |
|
Maximum Amount |
INR 1,71,000 Million |
|
Instruments |
Non-convertible debt securities, commercial papers |
|
Leverage Cap |
33% of total asset value |
|
Manager |
K Raheja Corp Investment Managers Private Limited |
Historical Stock Returns for Mindspace Business Parks REIT
|
1 Day |
5 Days |
1 Month |
6 Months |
1 Year |
5 Years |
|
-1.44% |
-1.71% |
+5.04% |
-1.11% |
+15.54% |
+71.15% |
Source:https://scanx.trade/stock-market-news/companies/mindspace-reit-to-consider-fund-raising-via-debt-on-july-9/44887459