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Debt raised for three-year tenor to refinance existing obligations, saving 77 basis points; REIT targets FY26 growth with Rs 24.5-26 distributions per unit
The initiail public issue plans to raise Rs 4400 crore from investors and will be the third REIT offer after Embassy and Mindspace REITs
The Rs 4,750 crore issue, which was opened for subscription on Monday, was subscribed 1.2 times till 2 pm on Wednesday.
