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

Mindspace Enterprise Parks REIT on Tuesday said it will raise up to Rs 200 crore by means of issuance of debentures on a personal placement basis.

The selection was taken at an government committee conference of K Raheja Corp Financial investment Managers LLP, supervisor to Mindspace Enterprise Parks REIT (Mindspace REIT), in accordance to a regulatory submitting.

The committeehas approved the concern of non-convertible debentures by Mindspace REIT on a personal placement basis for an combination quantity of upto Rs 200 crore in 1 or much more tranches.

Mindspace Enterprise Parks is India’s next REIT (True Estate Financial investment Rely on), and acquired listed this calendar year right after a prosperous launch of community concern of about Rs four,500 crore.

The country’s to start with REIT, Embassy Business Parks, acquired listed in April past calendar year right after raising Rs four,750 crore.

(Only the headline and photograph of this report could have been reworked by the Enterprise Regular employees the relaxation of the articles is vehicle-produced from a syndicated feed.)

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