Mindspace Business Parks REIT, K Raheja Corp look to raise up to Rs 200 cr

New Delhi: Mindspace Business Parks REIT, part of Blackstone Grp, and K Raheja Corp are looking at raising up to Rs 200 crore through debentures.

A decision in this regard will be taken on 8 December in the board meeting. The debentures will be issued on private placement basis, the company said in filing to the BSE. 

In the second quarter of the current fiscal, the company raised Rs 500 crore through issuance of debentures. These debentures were issued at 6.8 percent per year. 

The company’s REIT had clocked net operating income of Rs 658 crore for the first half of the ongoing fiscal.