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Mindspace Business Parks REIT announces results for Q3 & 9M FY21 and Declares Distribution of INR 4 78 per unit

India s Mindspace Business Parks REIT issues debentures to raise $27m

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Mindspace REIT raises Rs 200 crore through issue of debentures

Mindspace Business Parks REIT has raised Rs 200 crore by issuing debentures on a private placement basis. In a regulatory filing, the company informed that the executive committee K Raheja Corp Investment Managers LLP, manager to Mindspace Business Parks REIT, has approved the allotment of 2,000 non-convertible debentures of the face value of Rs 10 lakh each for an aggregate principal amount of Rs 200 crore on a private placement basis. The non-convertible debentures are proposed to be listed on the wholesale debt market (WDM) segment of the BSE Limited. The tenure of the debentures is 36 months with a coupon rate of 6.45 per cent per annum.

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