Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Mindspace Business Parks REIT's investment manager (K Raheja Corp Investment Managers) has informed the exchanges that an Executive Committee meeting is scheduled for July 28, 2025. The committee will consider and approve raising additional funds through fresh issuance of non-convertible debentures (NCDs) and/or commercial papers, in one or more tranches. The proposed incremental borrowing is capped at Rs. 2,800 crore at any given time. This is on top of the Rs. 1,800 crore borrowing already approved by the Executive Committee on May 6, 2025, taking the total potential borrowing envelope to Rs. 4,600 crore.
This is a preliminary intimation ahead of the committee meeting — no funds have been raised yet. If approved, the additional debt could increase the REIT's overall leverage. Unit holders should watch the outcome of the July 28 meeting for the final borrowing decision and any disclosure on pricing or tenure.