The Executive Committee of K Raheja Corp. Investment Managers LLP approved the raising of funds by Mindspace REIT for an aggregate principal amount of up to INR 5,000,000,000 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 June 1, 2023 and accordingly Mindspace REIT has received consideration of INR 5,002,875,000 against the aggregate principal amount of up to INR 5,000,000,000.

The Executive Committee of the Mindspace Business Parks REIT at its meeting held June 2, 2023 has approved the allotment of 50,000 listed, rated, secured, non-cumulative, taxable, transferable, redeemable non-convertible debentures of INR 100,000 each aggregating to INR 5,000,000,000 on a private placement basis, as per the terms and conditions as mentioned in the private placement memorandum dated May 30, 2023, and other relevant transaction documents executed in relation to the Debentures.