Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Mindspace Business Parks REIT has issued and allotted 12,000 Commercial Paper units of INR 5 lakh each, totalling INR 600 crore, on a private placement basis. The issue date is April 28, 2025, with a tenor of 116 days and a redemption date of August 22, 2025. The Commercial Papers have been listed on BSE. This issuance is part of a previously announced plan to raise up to INR 1,200 crore through non-convertible debt securities and/or commercial papers in one or more tranches.
This is a short-term debt raise (116 days) to fund the REIT's operations or refinance existing borrowings. It expands the REIT's debt mix with short-tenure instruments and is part of a larger INR 1,200 crore planned fundraise, so additional tranches may follow.