Mindspace REIT to acquire 51% stake in Radial IT Park Pvt Ltd; gross price INR 30 billion
Mindspace Business Parks REIT · Realty
Key highlights
- Mindspace REIT will acquire 51% of Radial IT Park Private Limited, which owns International Tech Park Chennai (c. 2.6 million sq. ft.), from AIGP2 Chennai 1 PTE. Limited.
- The gross acquisition price is INR 30 billion for the whole target, a discount of c. 2% to valuation; the REIT's 51% share of purchase consideration is INR 9,275 Mn.
- 360 ONE Real Assets Advantage Fund and affiliates will take the remaining 49%; definitive transaction documents are entered into, subject to necessary approvals and conditions.
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Reg 23(5)(i): Disclosure of material issue
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Mindspace Business Parks REIT
- Fundraise / allotmentNotableMindspace Business Parks REIT issues ₹500 crore non-convertible debentures
- Fundraise / allotmentNotableMindspace Business Parks REIT issues ₹600 crore rated non-convertible debentures
- Fundraise / allotmentNotableK Raheja Corp Investment Managers approves fund raise up to ₹17,100 crore for Mindspace REIT
- Acquisition / mergerNotableMindspace REIT completes acquisition of 51% stake in Radial IT Park Private Limited
- Fundraise / allotmentNotableMindspace Business Parks REIT shares post preferential allotment holding pattern disclosed
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Potential multibaggers · Q2 FY27
Potential multibaggers in Realty
on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.