Mindspace REIT to raise up to Rs 200 cr through debentures issue

Mindspace Enterprise Parks REIT on Tuesday said it will increase up to Rs 200 crore by means of issuance of debentures on a personal placement foundation.

The decision was taken at an government committee conference of K Raheja Corp Expense Professionals LLP, supervisor to Mindspace Enterprise Parks REIT (Mindspace REIT), in accordance to a regulatory filing.

The committeehas accredited the issue of non-convertible debentures by Mindspace REIT on a personal placement foundation for an combination amount of money of upto Rs 200 crore in a person or far more tranches.

Mindspace Enterprise Parks is India’s second REIT (Real Estate Expense Have confidence in), and obtained detailed this year following a profitable start of public issue of about Rs four,five hundred crore.

The country’s initially REIT, Embassy Office Parks, obtained detailed in April past year following boosting Rs four,750 crore.

(Only the headline and picture of this report may have been reworked by the Enterprise Common personnel the rest of the material is automobile-generated from a syndicated feed.)

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