Knowledge Realty Trust approved the issuance of up to ₹1,000 crore in non-convertible debentures through a private placement. The borrowing committee of its manager, Knowledge Realty Office Management Services Private Limited, sanctioned the move during a meeting held on September 7, 2026.

The trust plans to raise funds via listed, rated, secured, and redeemable instruments. Each debenture will carry a face value of ₹1,00,000. The issuance may occur in one or more transactions, series, or tranches to eligible investors.

Deal Structure

The borrowing committee outlined specific parameters for the capital raise:

The meeting commenced at 1:45 pm and concluded at 1:55 pm. The trust confirmed that further details will be available on its official website.

PPFAS Mutual Fund has acquired a 6.62% stake in Knowledge Realty Trust through open market purchases. The acquisition was completed on August 31, 2026, with disclosure filed on September 2, 2026.

The investment manager, PPFAS Asset Management Private Limited, executed the buy-through multiple schemes under its management. This move significantly increases the fund's exposure to the realty trust, marking a notable shift in its portfolio allocation.

Acquisition Details

The acquisition involved the purchase of 29,36,32,144 shares carrying voting rights. Prior to this transaction, PPFAS Mutual Fund held only 59,764 shares, representing a negligible 0.0013% stake in the company. The new shares were acquired exclusively through open market transactions.

The total equity share capital of Knowledge Realty Trust remained unchanged at ₹4,43,43,99,541, comprising 4,43,43,99,541 shares at a face value of Re. 1 per share. There were no encumbrances, pledges, or convertible securities involved in this transaction.

Schemes Involved

The acquisition was made through four specific schemes managed by PPFAS Mutual Fund:

• Parag Parikh Flexi Cap Fund
• Parag Parikh Conservative Hybrid Fund
• Parag Parikh ELSS Tax Saver Fund
• Parag Parikh Dynamic Asset Allocation Fund

Parag Parikh Financial Advisory Services Limited, the sponsor of the mutual fund, is listed as a person acting in concert but does not belong to the promoter group of the target company. The disclosure was made pursuant to Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.