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Mindspace Business Parks REIT informs about disclosure

06 Mar 2025 Evaluate
With reference to letter dated January 29, 2025 and February 28, 2025, regarding outcome of board meeting and voting results of the resolution passed by Unitholders of Mindspace Business Parks REIT (Mindspace REIT) through postal ballot, respectively, Mindspace Business Parks REIT has informed that pursuant to satisfaction of various conditions precedent as required under the share acquisition agreement entered into between Mindspace REIT (acting through its trustee), Company, Sustain Properties Private Limited (Sustain) and shareholders of Sustain, including amongst others receipt of all corporate authorizations, waivers, permits and approvals(1), Mindspace REIT has completed the acquisition of 100% equity shareholding and beneficial interest of Sustain, holding approximately 1.82 million square feet of leasable area at Commerzone Raidurg, located at Raidurg, Hyderabad. Further, pursuant to the applicable provisions of SEBI (Real Estate Investment Trusts) Regulations, 2014 and any other applicable laws, we wish to inform you that the Board of Directors of K Raheja Corp Investment Managers Private Limited (formerly known as K Raheja Corp Investment Managers LLP), acting as the Investment Manager to Mindspace REIT, at their meeting held today i.e. March 6, 2025, has considered and approved the allotment of 1,61,65,452 units of Mindspace REIT at a price of Rs. 379.08 per unit (offer price) to the shareholders of Sustain, on preferential basis, in terms of the provisions of Chapter 10 of the SEBI Master Circular no. SEBI/HO/DDHS-PoD2/P/CIR/2024/43 dated May 15, 2024 on guidelines for preferential issue of units and institutional placement of units by a listed real estate investment trust, as a consideration for the purchase of 100% equity shareholding and beneficial interest of Sustain. 

The above information is a part of company’s filings submitted to BSE.

Mindspace Business Share Price

462.30 -1.21 (-0.26%)
07-May-2026 16:59 View Price Chart
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