Mindspace REIT to raise Rs 500 crore by private placement

01 Sep 2023 CW Team

K Raheja Corp Investment Managers, manager of Mindspace Business Parks REIT (Mindspace REIT), announced in a BSE filing that the executive committee meeting had approved funding Rs 500 crore through a private placement. The issue of up to 50,000 listed, rated, secured, non-cumulative, taxable, transferable, redeemable, non-convertible debentures with a nominal value of Rs. 1 lakh each for an aggregate principal amount of up to Rs. 500 crores through private placement in one or more tranches/series/issuances/phases has been approved by the executive committee as a means of raising funds by Mindspace REIT.

The company's net consolidated profit increased by 6.62% in the three months ending June 30, 2023. Its profit after tax increased from Rs 128.40 crore in the first quarter of the previous fiscal year to Rs 136.90 crore in the first quarter of FY24.

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..