Loan & Debt19 May 2026, 03:04 pm
Mindspace REIT to Raise Up to ₹1,65,000 Million via Debt Securities
AI Summary
Mindspace Business Parks REIT announced that its Executive Committee has approved raising funds through the issuance of non-convertible debt securities and/or commercial papers, or other permissible forms, up to ₹1,65,000 million (net of repayments). The aggregate consolidated borrowings and deferred payments of Mindspace REIT and its HoldCo / Asset SPVs, net of cash and cash equivalents, shall not exceed 33% of the total value of assets.
Key Highlights
- Mindspace REIT plans to raise up to ₹1,65,000 million through debt.
- Funds will be raised via non-convertible debt, commercial papers, or other means.
- The fundraising is subject to borrowing limits based on asset value.
- The decision was approved by the Executive Committee of the Board of Directors.