Mindspace Business Parks REIT has approved the raising of funds through the issuance of non-convertible debt securities and/or commercial papers. The decision was made during the Executive Committee meeting of its manager, K Raheja Corp Investment Managers Private Limited, held on Tuesday, May 19, 2026.

Fund Raising Details

The Executive Committee approved an aggregate amount not exceeding INR 1,65,000 Million. The issuance will be conducted in one or more tranches, series, issuances, or phases, net of repayments. This includes any outstanding indebtedness from time to time. The approved instruments include non-convertible debt securities, commercial papers, and any other form permitted under applicable laws.

Key Parameters

Conditions and Compliance

The fund raising is subject to the condition that the aggregate consolidated borrowings and deferred payments of Mindspace REIT and its HoldCo or Asset SPVs, net of cash and cash equivalents, shall not exceed 33% of the total value of assets. The disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Limited in compliance with Regulation 51(2) of the SEBI (LODR) Regulations, 2015.

Mindspace Business Parks REIT has filed its post-allotment unit holding pattern with the stock exchanges on May 15, 2026, following the preferential allotment of 1,36,50,506 units on May 07, 2026. The disclosure was made pursuant to SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated July 11, 2025, as amended. The filing was submitted by Mridul Gupta, Company Secretary and Compliance Officer, on behalf of K Raheja Corp Investment Managers Private Limited, acting as the Manager to Mindspace Business Parks REIT. Post allotment, the total outstanding units of the REIT stand at 66,19,93,482.

Sponsor and Sponsor Group Unit Holding

Following the preferential allotment, the Sponsor and Sponsor Group collectively hold 44,54,23,863 units, representing 67.29% of the total outstanding units. Of these, 27,40,26,150 units (61.52% of total units held by the Sponsor and Sponsor Group) are mandatorily held, while 13,63,94,182 units (30.62% of total units held) are pledged or otherwise encumbered. The entire Sponsor and Sponsor Group holding is held by Indian entities, with no foreign sponsor holding reported.

The category-wise breakdown of Sponsor and Sponsor Group holding is presented below:

Sponsors Unitholding

The two named sponsors and their respective unit holdings are detailed below:

Sponsor Group Unitholding

The Sponsor Group comprises multiple entities and individuals from the Raheja family and associated LLPs and companies. Key holdings within the Sponsor Group are as follows:

*Held for and on behalf of Ivory Property Trust

Public Unit Holding

The public unitholders collectively hold 21,65,69,619 units, representing 32.71% of the total outstanding units. Institutional investors account for 14,09,61,288 units (21.29%), while non-institutional investors hold 7,56,08,331 units (11.42%). The public unitholding data is based on the beneficiary position as on May 01, 2026, and the percentage of total outstanding units is calculated on the basis of total units post allotment.

Public Unitholders Holding More Than 1% of Total Outstanding Units

Among public unitholders, three entities hold more than 1% of the total outstanding units post allotment:

Total Outstanding Units Post Allotment

Following the preferential allotment of 1,36,50,506 units on May 07, 2026, the total outstanding units of Mindspace Business Parks REIT stand at 66,19,93,482. The Sponsor and Sponsor Group account for 67.29% of this total, while the public holds the remaining 32.71%, as summarised below: