Mindspace Business Parks REIT completed the acquisition of a 51% stake in Radial IT Park Private Limited on June 8, 2026, securing control over the International Tech Park Chennai located on Radial Road. The transaction adds an office property with a total leasable area of approximately 2.6 million square feet to its portfolio. The remaining 49% stake in the target company was acquired by 360 One Real Assets Advantage Fund along with its affiliates on the same date.

The acquisition was executed in accordance with definitive transaction documents agreed upon with the seller, AIGP2 Chennai 1 Pte. Ltd. The deal was subject to debt and closing adjustments. To govern the rights, responsibilities, and management of the target company, Mindspace REIT entered into a shareholder's agreement with the co-investor as required under the REIT Regulations.

Transaction Details

The following table outlines the key details of the acquisition:

Regulatory Compliance

The intimation was submitted to the exchanges pursuant to Regulation 23(5) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014. The disclosure aligns with Mindspace REIT's policy for determining the materiality of events. The manager to the REIT, K Raheja Corp Investment Managers Private Limited, confirmed the completion through its Company Secretary and Compliance Officer, Mridul Gupta.

Mindspace Business Parks REIT has submitted its Structured Digital Database Compliance Certificate for the financial year ended March 31, 2026, confirming adherence to SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing, submitted to the National Stock Exchange of India Limited and BSE Limited, verifies that the REIT maintained a non-tamperable database capturing all Unpublished Price Sensitive Information (UPSI) during the period. This compliance ensures that access to sensitive data is controlled and that an audit trail is preserved for eight years.

The certificate was issued by Chandrasekaran Associates, Company Secretaries, following an examination of the records maintained by K Raheja Corp Investment Managers Private Limited, acting as the manager to the REIT. The certification process relied on management representations and explanations provided by the Compliance Officer of the Manager. The scope of the review was limited to the examination of the Structured Digital Database (SDD) and related documents, and it does not constitute an audit or investigation.

Key Compliance Metrics

The certification confirms that Mindspace Business Parks REIT met specific regulatory requirements regarding the handling of insider trading information. The REIT was required to capture 17 events during the financial year and successfully recorded all of them in the database.

The system captured the nature of UPSI along with the precise date and time of dissemination. The database is maintained internally, ensuring that an audit trail is available for scrutiny. The certification confirms that the software used is capable of retaining records for the mandatory period of eight years following the completion of relevant transactions.

Regulatory Context

The submission was made pursuant to Regulation 3(5) & 3(6) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. This regulation mandates the maintenance of a Structured Digital Database to record the sharing of Unpublished Price Sensitive Information. The filing also references NSE Circular No. NSE/CML/2024/31 and BSE Circular No. 20241018-44, both dated October 18, 2024, which outline the Standard Operating Process for these compliance requirements.

The certificate explicitly states that it is neither an assurance of the future viability of the REIT nor a comment on the efficiency of the management's conduct of affairs. It is intended solely for the purpose of the aforesaid regulations and should not be circulated or quoted for any other objective. The responsibility for implementing the SDD, including controlling access and ensuring system adequacy, rests with the management of the Manager.