Mindspace Business Parks REIT will host a virtual group meeting with investors, including institutional participants, on August 27, 2026. The session aims to provide updates from the management team.

The presentation used during the meeting is available on the company’s investor relations website. K Raheja Corp Investment Managers Private Limited, acting as the manager to the REIT, issued the notice to the National Stock Exchange of India Limited and BSE Limited.

Meeting Details

The scheduled meeting is subject to change due to alterations by the investors, organizers, or the management team. Mridul Gupta, Company Secretary and Compliance Officer, signed the communication on behalf of the manager.

Mindspace Business Parks REIT approved the allotment of ₹500 crore in non-convertible debentures on August 24, 2026. The Executive Committee of K Raheja Corp Investment Managers Private Limited, acting as manager, sanctioned the issuance to raise funds for the real estate investment trust.

The deal involves 50,000 listed, rated, unsecured, redeemable, transferable, taxable, non-cumulative non-convertible debentures. Each debenture has a face value of ₹1 lakh. The principal amount aggregates to ₹500 crore. The securities carry a coupon rate of 7.6335% per annum, payable quarterly.

Deal Structure and Maturity

The tenor for these debt securities is 2 years, 1 month, and 2 days. The final redemption date is set for September 26, 2028. This issuance follows an earlier intimation dated July 9, 2026, where the manager approved raising funds through non-convertible debt securities or commercial papers.

Regulatory Compliance and Debt Limits

The approval adheres to the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, and the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. It also complies with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The issuance is subject to specific debt covenants. The net debt, adjusted for minority interest, for Mindspace REIT and its HoldCo/Asset SPVs must not exceed ₹1,71,000 million. Furthermore, aggregate consolidated borrowings and deferred payments, net of cash and cash equivalents, shall not exceed 33% of the value of total assets of Mindspace Business Parks REIT together with its HoldCo/Asset SPVs.