Mindspace Business Parks - Rs. 200 crore NCD issue - Angel Broking

Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd

Mindspace Business Parks REIT stock up by 0.2% on positive development of board approval for raising 200 crores by issuing debentures in private placement. Mindspace Business Parks REIT India's second listed REIT has approved the issue of secured, listed, senior, taxable, non-cumulative, rated, redeemable, non-convertible debentures by Mindspace REIT on a private placement basis for an aggregate amount of upto Rs. 200 crores in one or more tranches. This is positive development for the company. This will help Mindspace to execute projects in near time and increase gross leasable area for the REIT.

Source : Equity Bulls

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