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Mindspace Business Parks REIT will issue Secured, Listed, Senior, Taxable, Non-Cumulative, Rated, Redeemable, Non-Convertible Debentures on private placement basis for an aggregate amount of up to Rs 75 crore in one or more tranches.
The REIT will also issue of 10 Year G-Sec Linked, Secured, Listed, Senior, Taxable, Non - Cumulative, Rated, Principal Protected - Market Linked, Redeemable, Non- Convertible Debentures (Market Linked Debentures) on a private placement basis for an aggregate amount of up to Rs. 375 crore in one or more tranches.
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Mindspace REIT reports Q3 net profit of Rs 140 crore, to distribute Rs 283.5 crore to unitholders
Mindspace declared a distribution of Rs 283.5 crore, which is Rs 4.78 per unit, to its unitholders. This is the first distribution post its listing.
Mindspace Business Parks REIT, owner and developer of quality Grade A office portfolio located across Mumbai Region, Pune, Hyderabad and Chennai and having a total leasable area of 29.5 mn sq ft, has reported a consolidated net profit of Rs 140 crore for the quarter ended December and declared a distribution of Rs 283.5 crore to unitholders.
The company, which got listed on the stock exchanges in August 2020 during COVID-19 after raising Rs 4,500 crore through a public issue, had posted a net profit of Rs 68.4 crore in the previous quarter.
Blackstone set to buy Piramal Glass for $1 billion
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Blackstone will make an upfront payment of $850 million and take over the ownership and management of Piramal Glass. (Photo: Company website)
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The deal will allow Blackstone to gain from the global shift towards recyclable glass bottles
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Private equity giant Blackstone has agreed to acquire Piramal Glass, the glass packaging business of the diversified Piramal Group, at an enterprise value of $1 billion, said three people with direct knowledge of the deal.
Blackstone will execute the deal in two tranches, as part of the agreement signed between the two parties on Thursday evening, said one of the three persons mentioned above. The New York-based PE firm will first pay $850 million and assume ownership and management control of Piramal Glass. The remaining $150 million will be paid after Piramal Glass achieves certain business milestones.