Mindspace Business Parks REIT has successfully completed a significant debt fundraising exercise, allotting ₹560 crores worth of non-convertible debentures on March 05, 2026. The allotment represents a key milestone in the REIT's capital raising strategy and provides additional financial flexibility for its operations.

Debenture Allotment Details

The Executive Committee of the Board of Directors of K Raheja Corp Investment Managers Private Limited, acting as Manager to Mindspace Business Parks REIT, approved the allotment of 56,000 listed, rated, secured, redeemable, transferable, taxable, non-cumulative non-convertible debentures.

Financial Terms and Pricing

The debentures were priced through a multiple yield allotment method, resulting in favorable terms for the REIT. The total consideration received exceeded the face value, indicating strong investor demand for the securities.

Strategic Context and Regulatory Framework

This debenture issuance follows the Executive Committee's earlier approval on January 08, 2026, which authorized the raising of funds through various debt instruments. The fundraising strategy allows for borrowings up to ₹1,30,000 million across Mindspace REIT and its HoldCo/Asset SPVs, subject to regulatory constraints.

The REIT maintains compliance with Securities Exchange Board of India regulations, ensuring that aggregate consolidated borrowings and deferred payments, net of cash and cash equivalents, do not exceed 33% of the total asset value of Mindspace Business Parks REIT and its subsidiaries.

Market Positioning

The successful allotment at a competitive coupon rate of 7.1652% demonstrates investor confidence in Mindspace Business Parks REIT's credit profile and business fundamentals. The quarterly payment structure provides regular income to debenture holders while offering the REIT predictable debt servicing obligations over the three-year tenor.

Mindspace Business Parks REIT has formally notified stock exchanges about the successful hosting of its flagship sustainability marathon, Mindspace EcoRun 2.0, through a Regulation 30 filing. The event, held on February 22, 2026, at Mindspace Madhapur, Hyderabad, attracted over 4,200 runners and was organized in partnership with Mirchi.

Stock Exchange Notification

The REIT filed the mandatory disclosure with both the National Stock Exchange of India Limited and BSE Limited, informing about the second edition of the sustainability-themed marathon. The filing was signed by Bharat Sanghavi, Company Secretary and Compliance Officer, on behalf of K Raheja Corp Investment Managers Private Limited, acting as Manager to Mindspace Business Parks REIT.

Event Overview and Participation

The marathon offered three race categories to accommodate participants across different age groups and fitness levels. The event created an inclusive celebration of fitness and community spirit, drawing participation from seasoned runners, first-timers, families, and corporate teams.

The atmosphere was enhanced by Mirchi RJs and celebrity attendees including Divi Vadthya, Harsh Roshan, and Sridevi Apalla, who flagged off the run.

Sustainability Initiatives

True to its environmental focus, Mindspace EcoRun 2.0 incorporated several eco-conscious features designed to minimize environmental impact. The event featured plantable bibs for participants, organic jerseys as part of race kits, refillable hydration stations throughout the course, and biodegradable cutlery for breakfast service.

A significant highlight of this year's edition is the commitment to upcycle event waste into functional chairs, which will be donated to school children associated with NGO partner Nirmaan.

Pre-Event Activities and Community Impact

The main event was preceded by the Mindspace EcoRun Expo held on February 20 and 21, featuring a Sustainability Flea Market. This initiative showcased eco-friendly products while creating livelihood opportunities for specially-abled individuals and women from underprivileged communities through partnership with NGO Nirmaan.

Leadership Perspective

Shrawan Kumar Gone, Chief Executive Officer of K.Raheja IT Park (Hyderabad) Limited, emphasized the event's broader significance: "Mindspace EcoRun 2.0 reflects our continued commitment to integrating sustainability into every aspect of our developments. Beyond being a marathon, this initiative demonstrates how large-scale community engagement can drive measurable environmental and social impact."

About Mindspace Business Parks REIT

Mindspace Business Parks REIT, sponsored by K Raheja Corp group and listed in August 2020, operates one of the largest Grade-A office portfolios globally. The REIT's portfolio spans four key Indian office markets with over 275 tenants across 5 integrated business parks and 9 independent office assets.

The portfolio consists of properties primarily certified as Gold or Platinum Green Buildings under IGBC/LEED standards, reinforcing the company's commitment to sustainable development practices.