Description

Listing and trading approval for 39,159,342 new units of Mindspace Business Parks REIT issued to sponsor on preferential basis at Rs. 464.64 per unit, effective January 14, 2026.

Summary

BSE has approved the listing of 39,159,342 new units of Mindspace Business Parks REIT (Scrip Code: 543217) issued on preferential basis to sponsor at Rs. 464.64 per unit. The units will be available for trading from Wednesday, January 14, 2026. All newly issued units are subject to lock-in periods ranging from January 15, 2027 to January 15, 2029, with units distributed across 22 tranches with different lock-in expiry dates.

Key Points

  • 39,159,342 new REIT units issued to sponsor on preferential basis
  • Issue price: Rs. 464.64 per unit
  • New units rank pari-passu with existing units
  • Distinctive numbers: 609183635 to 648342976
  • Date of allotment: January 09, 2026
  • Trading commencement: January 14, 2026
  • ISIN: INE0CCU25019
  • All units are subject to lock-in restrictions

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for newly allotted securities.

Compliance Requirements

  • Trading members must note the listing of new units effective January 14, 2026
  • Lock-in restrictions apply to all 39,159,342 units as per the detailed schedule
  • Units are divided into 22 tranches with varying lock-in periods

Important Dates

  • Allotment Date: January 09, 2026
  • Trading Commencement: January 14, 2026
  • Lock-in Expiry (Short-term): January 15, 2027 (applies to approximately 26.05M units)
  • Lock-in Expiry (Long-term): January 15, 2029 (applies to approximately 13.11M units)

Impact Assessment

Market Impact: The preferential allotment represents a significant expansion of Mindspace Business Parks REIT’s unit base. At Rs. 464.64 per unit, the total fundraise amounts to approximately Rs. 1,820 crores. The staggered lock-in structure (alternating between 1-year and 3-year periods across 22 tranches) minimizes immediate supply overhang.

Unitholder Impact: Existing unitholders will experience dilution from the new issuance. However, the sponsor lock-in demonstrates long-term commitment. The pari-passu ranking ensures equal treatment for distribution and voting rights.

Operational Impact: The fundraise likely supports REIT expansion plans, property acquisitions, or capital expenditure. Trading members should update their systems to reflect the expanded unit base and track lock-in restrictions across multiple tranches.

Impact Justification

Standard preferential allotment to sponsor with lock-in periods. Material for MINDSPACE REIT unitholders due to dilution but routine corporate action. Medium impact due to significant unit issuance (39.16M units at Rs. 464.64).