Mindspace Business Parks REIT approved raising of funds by Mindspace REIT for an aggregate principal amount of up to INR 500,00,00,000 by way of private placement. In this connection, the company informed that the issue price of the proposed Debentures was discovered on the basis of multiple yield allotment method through the Electronic Book Building Platform of BSE Limited on September 08, 2023 and accordingly the Issuer has received a consideration of INR 500,4057,500 against the aggregate principal amount of up to INR 5,000,000,000. The Executive Committee of the Manager at its meeting held on September 11, 2023 has approved the allotment of 50,000 listed, rated, secured, non-cumulative, taxable, transferable, redeemable non- convertible debentures of INR 100,000each aggregating to face value of INR 5,000,000,000 on a private placement basis, as per the terms and conditions as mentioned in the private placement memorandum dated September 06, 2023, and other relevant transaction documents executed in relation to the Debentures.

The tenure of the Non-Convertible Debentures is 3 years and 3 months (with Final redemption Date December 10, 2026) at a fixed coupon of 8.03% per annum payable quarterly and as per the terms and conditions mentioned in the private placement memorandum dated September 06, 2023.