New Delhi: Mindspace Business Parks REIT, owned by K Raheja group and Blackstone, has raised Rs 2,644 crore from the anchor and strategic investors ahead of its public issue that will hit the capital market on Monday. Mindspace has proposed to raise up to Rs 4,500 crore from the public issue, which will close on July 29. The company, which is launching India’s second Real Estate Investment Trust (REIT), has raised Rs 1,518.74 crore from anchor investors and Rs 1,125 crore from strategic investors, taking the total proceeds to Rs 2,644 crore.
In a regulatory filing late Friday, Mindspace said the REIT Offer Committee of he governing board of K Raheja Corp Investment Managers LLP finalised allocation of 5,52,27,200 units at Rs 275 per unit to anchor investors. The total proceeds from anchor investors is Rs 1,518.74 crore. The Singapore government, Fidelity and Nomura Trust, HSBC Global, Capital Income Builder and Cohen & Steers are among major investors. The panel also finalised allocation of 4,09,09,000 units to strategic investors at Rs 275 per unit. Mindspace has fixed the price band for its public issue at Rs 274-275 per unit. Mindspace filed the final offer document with market regulator SEBI last week.
