Mindspace Business Parks REIT Files Unit Holding Pattern for Quarter Ended March 31, 2026
Mindspace Business Parks REIT filed its unit holding pattern for Q4FY26 on April 17, 2026, showing total outstanding units of 64,83,42,976. The sponsor group holds 66.60% with 43,17,73,357 units, while public holding accounts for 33.40% with 21,65,69,619 units. Foreign Portfolio Investors lead institutional holdings at 13.24%, followed by Mutual Funds at 4.78%. Among significant public unitholders, Capital Income Builder holds 4.61% of total outstanding units.

*this image is generated using AI for illustrative purposes only.
Mindspace Business Parks REIT has submitted its unit holding pattern for the quarter ended March 31, 2026, to the stock exchanges on April 17, 2026. The filing was made pursuant to SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated July 11, 2025, by K Raheja Corp Investment Managers Private Limited, acting as the Manager to the REIT.
Overall Unit Holding Structure
The REIT's total outstanding units stand at 64,83,42,976 as of March 31, 2026. The ownership structure is divided between sponsor group holdings and public holdings, with a clear majority held by the sponsor group.
| Category | Units Held | Percentage |
|---|---|---|
| Sponsor & Sponsor Group | 43,17,73,357 | 66.60% |
| Public Holding | 21,65,69,619 | 33.40% |
| Total Outstanding Units | 64,83,42,976 | 100.00% |
Sponsor Group Holdings
The sponsor group's holding of 43,17,73,357 units comprises entirely of Indian entities, with no foreign sponsor participation. Within the sponsor group, Bodies Corporate hold the largest portion at 31,80,38,568 units (49.05% of total outstanding units), followed by Individuals/HUF at 10,15,42,049 units (15.66%).
Key Sponsor Group Entities
| Entity | Units Held | Percentage |
|---|---|---|
| Casa Maria Properties LLP | 4,94,71,483 | 7.63% |
| Raghukool Estate Development LLP | 4,46,55,310 | 6.89% |
| Capstan Trading LLP | 4,37,46,483 | 6.75% |
| Palm Shelter Estate Development LLP | 4,37,46,500 | 6.75% |
| Cape Trading LLP | 3,84,84,885 | 5.94% |
| Anbee Constructions LLP | 3,84,50,880 | 5.93% |
Notably, 13,63,94,182 units (31.59% of sponsor group holdings) are pledged or otherwise encumbered, while 26,03,75,644 units (60.30% of sponsor group holdings) are mandatorily held.
Public Holdings Breakdown
Public holdings of 21,65,69,619 units are distributed between institutional and non-institutional investors. Institutional investors hold 14,17,53,021 units (21.86% of total outstanding units), while non-institutional investors hold 7,48,16,598 units (11.54%).
Institutional Investors
| Category | Units Held | Percentage |
|---|---|---|
| Foreign Portfolio Investors | 8,58,18,450 | 13.24% |
| Mutual Funds | 3,09,94,652 | 4.78% |
| Insurance Companies | 2,07,78,673 | 3.20% |
| Provident/Pension Funds | 19,41,216 | 0.30% |
| Alternative Investment Funds | 14,33,592 | 0.22% |
| Financial Institutions/Banks | 7,86,438 | 0.12% |
Significant Public Unitholders
Among public unitholders holding more than 1% of total outstanding units:
| Unitholder | Units Held | Percentage |
|---|---|---|
| Capital Income Builder | 2,98,92,332 | 4.61% |
| ICICI Prudential Balanced Advantage Fund | 1,79,96,707 | 2.78% |
| Smallcap World Fund, Inc | 90,00,000 | 1.39% |
Non-Institutional Holdings
Non-institutional investors comprise primarily of individual unitholders at 5,78,96,963 units (8.93%), Bodies Corporate at 1,43,00,054 units (2.21%), and Non-Resident Indians at 25,65,474 units (0.40%). The filing was signed by Mridul Gupta, Company Secretary and Compliance Officer, on behalf of K Raheja Corp Investment Managers Private Limited.
Historical Stock Returns for Mindspace Business Parks REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.12% | -1.46% | +3.84% | +0.31% | +25.56% | +61.76% |
Will Mindspace REIT consider reducing the high sponsor group concentration of 66.60% to improve liquidity and attract more institutional investors?
How might the significant pledge of 31.59% of sponsor group holdings impact the REIT's financial flexibility and future capital raising plans?
Could the strong FPI holding of 13.24% indicate growing foreign investor confidence in Indian commercial real estate, and will this trend continue?


































