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ADIA to Divest ₹1,903-Crore Stake in Mindspace REIT at ₹350/Share

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Synopsis:

ADIA will divest a 9.2% stake in Mindspace Business Parks REIT for ₹1,903 crore through block deals. The floor price is set at ₹350/share, representing a 3.8% discount to the Mindspace Business Parks REIT share price.


The Abu Dhabi Investment Authority (ADIA) is set to offload a 9.2% stake in Mindspace Business Parks REIT through block deals valued at ₹1,903 crore. The floor price for the sale is fixed at ₹350 per share, reflecting a 3.8% discount compared to the last traded price of ₹363.80 on the BSE.

Also read: Gravita India Launches ₹750-Crore QIP at ₹2,206.49/Share Floor Price

MINDSPACE BUSINESS P REIT

Trade

380-4.75 (-1.23 %)

Updated - 02 May 2025
396.84day high
DAY HIGH
379.99day low
DAY LOW
340619
VOLUME (BSE)

Key Takeaways

  • Stake Sale: ADIA divesting 9.2% stake worth ₹1,903 crore.

  • Floor Price: ₹350/share, representing a 3.8% discount to CMP.

  • Impact: Clean-out trade anticipated to enhance market liquidity.

Also read: HCC Launches ₹400-Crore QIP with Floor Price of ₹45

Financial Performance Of Mindspace REIT

Mindspace Business Parks REIT reported strong financial results for Q2 FY25, showcasing growth across key metrics:

Metric

Q2 FY25

Q2 FY24

Growth (%)

Net Operating Income

₹503.7 crore

₹491.2 crore

5%

Distribution

₹305.4 crore

-

-

The REIT has also increased its committed occupancy to 91.7%, reflecting the demand for high-quality commercial spaces in key markets.

Portfolio Highlights

Mindspace Business Parks REIT, listed in 2020, holds a diversified office portfolio in major cities like Mumbai, Pune, Hyderabad, and Chennai. The total leasable area spans 34.7 million square feet, comprising:

  1. Completed Area: 26.4 million sq. ft.

  2. Under Construction: 4.4 million sq. ft.

  3. Future Development: 3.9 million sq. ft.

The ADIA stake sale in Mindspace Business Parks REIT marks a significant move in the commercial real estate sector. With robust financial performance and an expanding portfolio, the REIT remains a pivotal player in India’s office space market. The Mindspace Business Parks REIT share price is expected to reflect investor sentiment following this transaction.

Also read: Mankind Pharma Launches ₹3,000-Crore QIP to Fund BSV Acquisition

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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