Mindspace provides real estate in high-end business parks such as Juinagar, in the Mumbai region
Mindspace Business Parks, a real-estate investment trust backed by US private equity firm and Indian property developer K Raheja, aims to complete its IPO by the end of March, becoming the second Indian Reit to list in Mumbai within a year.
According to a draft prospectus filed by Mindspace on December 31, issuers aim to raise at least $150 million through the sale of fresh shares, with bankers hopeful that demand will push the deal size closer to the $200 million mark.
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