April 22, 2024


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Mindspace REIT to raise up to Rs 200 cr through debentures issue

Mindspace Small business Parks REIT on Tuesday said it will increase up to Rs 200 crore through issuance of debentures on a private placement foundation.

The final decision was taken at an government committee conference of K Raheja Corp Investment Professionals LLP, manager to Mindspace Small business Parks REIT (Mindspace REIT), according to a regulatory filing.

The committeehas permitted the concern of non-convertible debentures by Mindspace REIT on a private placement foundation for an mixture quantity of upto Rs 200 crore in a person or more tranches.

Mindspace Small business Parks is India’s 2nd REIT (Authentic Estate Investment Trust), and received listed this 12 months immediately after a thriving start of community concern of about Rs 4,five hundred crore.

The country’s to start with REIT, Embassy Office environment Parks, received listed in April last 12 months immediately after boosting Rs 4,750 crore.

(Only the headline and photograph of this report may well have been reworked by the Small business Normal personnel the relaxation of the content is vehicle-produced from a syndicated feed.)

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