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

01 Aug 2026

AI Data Centre Leaders Map India’s Infrastructure Roadmap

Mumbai, 22 July 2026: As artificial intelligence reshapes global digital infrastructure, industry leaders gathered in Mumbai today at the AI-Powered Data Centre Conference 2026 to discuss how India can build the capacity, technology and ecosystem required to emerge as a global AI infrastructure hub. Organised by ASAPP Info Global Group and conceptualised by FIRST Construction Council, the conference revolved around the theme, “From Capacity Gap to AI Superpower: Building India's Digital Backbone for the Intelligence Economy.” Bringing together developers, technology providers, enterpr..

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..