K Raheja Corp and Blackstone Group-backed Mindspace Business Parks REIT (Real Estate Investment Trust) is planning to raise up to Rs 200 crore through issuance of debentures on private placement basis. The board of directors has taken the decision on the same in a meeting on Tuesday

The decision was taken at an executive committee meeting of K Raheja Corp Investment Managers LLP, manager to Mindspace Business Parks REIT (Mindspace REIT), according to a regulatory filing.

The committee has approved the issue of non-convertible debentures by Mindspace REIT on a private placement basis for an aggregate amount of upto Rs 200 crore in one or more tranches. Mindspace Business Parks is India's second REIT and got listed this year after a successful launch of public issue of about Rs 4,500 crore.

The country's first REIT, Embassy Office Parks, got listed in April last year after raising Rs 4,750 crore.

Mukesh Ambani praises government, says 'PM Modi's digital campaign is successful'

Gold shines again, silver falls, know today's price

Jet Airways may restart domestic and international operations by next summer