Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Mindspace Business Parks REIT has fully redeemed a Commercial Paper of INR 600 crores on its scheduled maturity date of September 15, 2025. The CP, identified by ISIN INE0CCU14104, comprised 12,000 units with a face value of INR 5 lakh each, originally issued on a private placement basis at a discounted price of INR 4,96,625 per unit. The redemption was carried out in full, with no outstanding dues remaining. The REIT's manager, K Raheja Corp Investment Managers, has requested the stock exchanges to delist the scrip code 729964 associated with this matured instrument.
This is a routine maturity-related debt repayment, reflecting that the REIT is honouring its short-term obligations on time. It is a neutral event for unit holders and does not indicate any financial stress or change in capital structure.