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Mindspace Business Parks REIT.

BSE: 543217 Sector: Infrastructure
NSE: MINDSPACE ISIN Code: INE0CCU25019
BSE 00:00 | 26 Nov 331.68 5.95
(1.83%)
OPEN

325.00

HIGH

333.00

LOW

325.00

NSE 00:00 | 26 Nov 331.22 4.91
(1.50%)
OPEN

325.00

HIGH

333.00

LOW

325.00

OPEN 325.00
PREVIOUS CLOSE 325.73
VOLUME 4295
52-Week high 348.00
52-Week low 275.16
P/E 17.49
Mkt Cap.(Rs cr) 19,669
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 325.00
CLOSE 325.73
VOLUME 4295
52-Week high 348.00
52-Week low 275.16
P/E 17.49
Mkt Cap.(Rs cr) 19,669
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Mindspace Business Parks REIT. (MINDSPACE) - Company History

Mindspace Business Parks REIT (`Mindspace REIT') was settled on 18 November 2019 at Mumbai Maharashtra India as a contributory determinate and irrevocable trust under the provisions of the Indian Trusts Act 1882 pursuant to a trust deed dated 18 November 2019. Mindspace REIT was registered with SEBI on 10 December 2019 at Mumbai as a REIT pursuant to the REIT Regulations having registration number IN/REIT/19- 20/0003. Anbee Constructions LLP (ACL) and Cape Trading LLP (`CTL') are the sponsors of Mindspace REIT. The Trustee to Mindspace REIT is Axis Trustee Services Limited (the `Trustee') and the Manager for Mindspace REIT is K Raheja Corp Investment Managers LLP (the `Manager'). The objectives and principal activity of Mindspace REIT is to carry on the activity of a real estate investment trust as permissible under the REIT Regulations to raise funds through the REIT to make investments in accordance with the REIT Regulations and the investment strategy and to carry on the activities as may be required for operating the REIT including incidental and ancillary matters thereto. Mindspace REIT acquired the Special Purpose Vehicles (`SPVs') by acquiring all the equity interest held by the Sponsor Group and Blackstone entities in the SPVs on 30 July 2020. In exchange for these equity interests the above shareholders have been allotted 556654582 units of Mindspace REIT on 30 July 2020 which were issued at Rs 275 each. Mindspace REIT went public as per its plan for Initial Public Offer of Units after obtaining the required approvals from the relevant authorities. The units were allotted to the successful applicants on 4 August 2020. All these units were subsequently listed on the BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) on 7 August 2020. Accordingly the equity interest in each of the below SPVs have been transferred from the respective shareholders to Mindspace REIT:1. Mindspace Business Parks Private Limited (MBPPL) 2. Gigaplex Estate Private Limited (Gigaplex) 3. Sundew Properties Limited (Sundew) 4. Intime Properties Limited (Intime) 5. K. Raheja IT Park (Hyderabad) Limited (KRIT) 6. KRC Infrastructure and Projects Private Limited (KRC Infra) 7. Horizonview Properties Private Limited (Horizonview) 8. Avacado Properties and Trading (India) Private Limited (Avacado).

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