Mindspace Business Parks REIT Updates Unit Holding Pattern Following Preferential Allotment of 3.92 Crore Units

Mindspace Business Parks REIT has announced its updated unit holding pattern following the completion of a preferential allotment of 3,91,59,342 units on January 09, 2026. The REIT submitted the post-allotment holding pattern to stock exchanges on January 16, 2026, in compliance with SEBI Master Circular requirements.

Updated Unit Distribution

Following the preferential allotment, the total outstanding units of Mindspace Business Parks REIT have reached 64,83,42,976. The unit distribution shows a clear division between sponsor holdings and public investments.

Category	Units Held	Percentage of Total
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 and Sponsor Group Holdings

The sponsor category comprises entirely of Indian entities, with no foreign sponsor participation. Bodies Corporate represent the largest component within the sponsor group, holding 31,80,38,568 units (49.05% of total outstanding units). Individual sponsors and HUFs hold 10,15,42,049 units (15.66%), while Trust entities account for 1,21,92,740 units (1.88%).

Among individual sponsors, the key stakeholders include:

Sponsor Name	Units Held	Percentage
Anbee Constructions LLP	3,84,50,880	5.93%
Cape Trading LLP	3,84,84,885	5.94%

Public Holding Composition

The public holding of 21,65,69,619 units is distributed between institutional and non-institutional investors. Institutional investors dominate with 14,29,68,611 units (22.05% of total), while non-institutional investors hold 7,36,01,008 units (11.35%).

Institutional Investor Breakdown

Investor Category	Units Held	Percentage
Foreign Portfolio Investors	8,69,35,373	13.41%
Mutual Funds	3,09,61,991	4.78%
Insurance Companies	2,12,07,001	3.27%
Provident/Pension Funds	23,95,258	0.37%
Alternative Investment Funds	12,21,493	0.19%
Financial Institutions/Banks	2,47,495	0.04%

Major Public Unitholders

Several public investors hold more than 1% of total outstanding units:

Unitholder Name	Units Held	Percentage
Capital Income Builder	2,98,92,332	4.91%
ICICI Prudential Balanced Advantage Fund	1,84,47,358	3.03%
Smallcap World Fund, Inc	90,00,000	1.48%
Government Pension Fund Global	62,61,009	1.03%

Pledged Units and Mandatory Holdings

The sponsor group has 24,90,92,045 units under mandatory holding requirements, representing 57.69% of their total holdings. Additionally, 13,63,94,182 units (31.59% of sponsor holdings) are pledged or otherwise encumbered. The pledging is concentrated among sponsor group entities, with significant pledged amounts held by Capstan Trading LLP, Casa Maria Properties LLP, and other related entities.

The updated holding pattern reflects the REIT's capital structure following the recent preferential allotment, with the sponsor group maintaining majority control while ensuring substantial public participation across diverse investor categories.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.26%	+0.33%	+3.29%	+17.13%	+31.40%	+44.80%

Mindspace Business Parks REIT has disclosed the allotment of units worth ₹1,580.33 crores to its sponsors and sponsor group members through a preferential issue. The REIT issued a total of 3.40 crore units as consideration for acquiring equity shareholding and beneficial interest in two private companies.

Unit Allotment Details

The preferential issue was completed on January 9, 2026, with units priced at ₹464.64 each. The issue price was determined in accordance with floor price requirements as per paragraph 10.5A of Chapter 10 of the Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated July 11, 2025. The consideration was provided through a swap arrangement rather than cash payment.

Individual Sponsor Holdings

The disclosure covers unit allotments to several members of the Raheja family and associated entities:

Entity	Units Allotted	Value (₹ Crores)	Post-Allotment Holdings
Ravi C. Raheja (for Ivory Property Trust)	83,13,963	386.30	1.28%
Chandru L. Raheja	48,36,231	224.71	5.78%
Jyoti C. Raheja	43,01,705	199.87	3.46%
Ravi C. Raheja (individual)	25,06,195	116.45	0.92%
Neel C. Raheja	25,06,195	116.45	1.78%

Corporate Entity Allotments

Several Limited Liability Partnerships (LLPs) associated with the sponsor group also received unit allotments:

LLP Entity	Units Allotted	Value (₹ Crores)	Post-Allotment Holdings
Casa Maria Properties LLP	26,50,764	123.17	7.63%
Capstan Trading LLP	26,50,764	123.17	6.75%
Raghukool Estate Development LLP	26,50,764	123.17	6.89%
Palm Shelter Estate Development LLP	26,50,781	123.17	6.75%
Anbee Constructions LLP	30,45,990	141.53	5.93%
Cape Trading LLP	30,45,990	141.53	5.94%

Acquisition Background

The unit issuance serves as consideration for Mindspace REIT's acquisition of equity shareholding and beneficial interest in two companies:

Pramaan Properties Private Limited: Most entities received units as consideration for this acquisition
Sundew Real Estate Private Limited: Specifically related to Ravi C. Raheja's allotment for Ivory Property Trust

The transactions represent strategic acquisitions that expand Mindspace REIT's property portfolio through the incorporation of assets from these private entities.

Regulatory Compliance

The disclosure was made pursuant to Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. All disclosures were submitted to the Investment Manager on January 13, 2026, and subsequently filed with stock exchanges on January 15, 2026.

The REIT confirmed that no derivative trading occurred in connection with these transactions, maintaining compliance with insider trading regulations. All documentation has been made available on the REIT's website for investor reference.