Mindspace Business Parks REIT

Mindspace Business Parks REIT has successfully completed the acquisition of 51% of Radial IT Park Private Limited, which owns the International Tech Park Chennai. The remaining 49% was acquired by 360 One Real Assets Advantage Fund as a co-investor. This acquisition, comprising approximately 2.6 million square feet of leasable area across two towers, was finalized on June 8, 2026. A shareholder's agreement has been established with the co-investor to govern the management of the Target Company, in compliance with REIT Regulations.

Mindspace Business Parks REIT has disclosed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, as per SEBI regulations. The report, prepared by Chandrasekaran Associates, confirms compliance with SEBI Act, SCRA, and various regulations including REIT, LODR, NCS, Insider Trading, Depositories, and Debenture Trustees regulations. A deviation was noted regarding a delay in intimation of the record date for debenture redemption, but the management has provided an undertaking to the stock exchange.

Mindspace Business Parks REIT will participate in investor conferences organized by 360 ONE Capital, Morgan Stanley India, and BofA Securities in Mumbai during May and June 2026. The conferences will involve group meetings and one-on-one sessions with investors. The presentation materials for these conferences are available on the Mindspace REIT website. The schedule is subject to change based on the investors, organizers, or management team.

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.

Mindspace Business Parks REIT has announced its unitholding pattern following a capital restructuring, specifically after the allotment of 1,36,50,506 units on a preferential basis on May 07, 2026. The filing details the distribution of units across various categories of unitholders, including sponsors, the public, and their respective sub-categories, providing a percentage breakdown of total outstanding units. Sponsor/Manager holdings constitute 67.29% of total units, while public holdings account for 32.71%.

Mindspace Business Parks REIT has issued a correction to its earlier intimation dated May 07, 2026, regarding the allotment of units on a preferential basis following the acquisition of Content Properties Private Limited and Sycamore Properties Private Limited. The correction pertains to the number of units allotted to the shareholders of Sycamore, which should be read as "allotment of 72,51,118 units of Mindspace REIT" instead of the previously stated "allotment of 72,71,748 units of Mindspace REIT." The company clarifies that there are no other changes to the original intimation besides this typographical error.

Mindspace Business Parks REIT announced the redemption of Commercial Paper worth ₹540 crore on May 15, 2026. The redemption was for the full face value, with no outstanding dues post-maturity. The Commercial Papers, with ISIN INE0CCU14096, were issued on a private placement basis with a face value of ₹5,00,000 each, at a discounted value of ₹4,74,435 each, totaling 10,800 units.

Mindspace Business Parks REIT has announced that a meeting of the Executive Committee of the Board of Directors of the Manager is scheduled for May 19, 2026, to consider and approve raising funds through the issuance of non-convertible debt securities, commercial papers, or other permissible forms under applicable laws.

Mindspace Business Parks REIT disclosed information regarding insider trading related to the allotment of units under a preferential issue. Disclosures were received from individuals and entities forming part of the sponsors and sponsor group, including Ravi C. Raheja and Neel C. Raheja. Ravi C. Raheja acquired 21,29,178 units through preferential allotment, increasing his holding to 80,66,907 units (1.22%). The allotment includes consideration for acquisitions in Sycamore Properties and Content Properties, with an issue price of ₹484.89 per unit.

Mindspace Business Parks REIT has completed the acquisition of 100% equity shareholding in Content Properties Private Limited and Sycamore Properties Private Limited, which own land and buildings in Chennai. The acquisition was completed after satisfying conditions precedent and receiving necessary approvals. As consideration, Mindspace REIT allotted 63,99,388 units to Content shareholders and 72,71,748 units to Sycamore shareholders, each at a price of ₹484.89 per unit, on a preferential basis.