Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Mindspace Business Parks REIT's manager, K Raheja Corp Investment Managers, has filed a CFO certificate confirming how a Commercial Paper (CP) was used. The CP, issued on April 28, 2025 for a maturity value of Rs. 600 crore (amount raised Rs. 587.40 crore after discount), matured on August 22, 2025. The CFO has certified that the proceeds were deployed for repaying financial indebtedness of the issuer and group SPVs (including replenishing overdrafts and letter of credit limits), extending loans to group SPVs, and temporary investments. The filing is a routine SEBI compliance disclosure under the master circular governing listed commercial papers.
This is a routine regulatory disclosure and not new information for investors. It confirms that the REIT's short-term borrowing was used as disclosed — primarily for debt refinancing and working capital. With the CP maturing on August 22, 2025, the REIT will need to either repay it or roll it over; investors should watch for any related announcements around refinancing.