Khaitan & Co Advised Mindspace Business Parks REIT On INR 560 Crore NCD Issuance

Khaitan & Co advised Mindspace Business Parks REIT on INR 560 crore NCD issuance

The leading law firm in India, Khaitan & Co advised Mindspace Business Parks REIT and K Raheja Corp Investment Managers Private Limited, as the Issuer’s investment manager, in relation to the issue and allotment of up to 56,000 listed, rated, secured, redeemable, transferable, taxable, non-cumulative non-convertible debentures aggregating up to INR 560 crores on a private placement basis. The Hongkong and Shanghai Banking Corporation Limited acted as the arranger to the issue.

The debentures are secured by way of a mortgage over identified movable and immovable assets of Horizonview Properties Private Limited, an asset SPV of the Issuer, along with a corporate guarantee from the asset SPV.

The Khaitan & Co team was led by Manisha Shroff (Partner), with support from Siddhant Shetty (Senior Associate) and Rishabh Kumar (Associate).

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