Wednesday, July 23, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Approved: Mindspace REIT by K. Raheja Corp Group

Fiinews by Fiinews
March 12, 2020
in Investment, Projects
Reading Time: 2 mins read
A A
0
K Raheja Corp
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Seven properties combine in REIT

The Competition Commision of India (CCI) has approved proposed combination involving setting up of Mindspace REIT (REIT) by K. Raheja Corp Group.

It also involves acquisition of certain equity shareholding held by selling shareholders in the Target Entities by REIT, under Section 31(1) of the Competition Act, 2002, said CCI on 11 Mar 2020.

The parties to the combination are:

Acquirer: Mindspace Business Parks REIT (Mindspace REIT);

Target Entities: K. Raheja IT Park (Hyderabad) Limited, Intime Properties Limited, Sundew Properties Limited, Avacado Properties and Trading (India) Private Limited, Gigaplex Estate Private Limited, KRC Infrastructure and Projects Private Limited, Horizonview Properties Private Limited; and Mindspace Business Parks Private Limited (Target Entitites).

Mindspace REIT is set up as a contributory, irrevocable and determinate trust under the provisions of the Indian Trusts Act, 1882. The objective and purpose is to carry on a real estate investment trust, as permissible under the REIT Regulations, to raise funds through the REIT, to make investments in accordance with the REIT Regulations and the investment strategy and to carry on the activities as may be required for operating the REIT, including incidental and ancillary matters thereto.

The Target Entities are special purpose vehicles and are active in the commercial real estate industry.

The business of the Target Entities consists of 10 commercial real estate projects. These commercial real estate projects are a mix of information technology parks, commercial buildings and special economic zone projects located in Mumbai Region, Hyderabad, Pune and Chennai.

The proposed transaction pertains to setting up and listing of a real estate investment trust (REIT) in India.

It essentially entails acquisition of certain equity shareholding held by the selling shareholders in the Target Entities by Mindspace REIT, in accordance with the Securities Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 (REIT Regulations) (Proposed Combination), said CCI. fiinews.com

Tags: Competition Commission of India
ShareTweetShare

Related Posts

Hindustan Zinc
Projects

Project: Hindustan Zinc’s Phase I approved

by Fiinews
July 22, 2025
0
12

1Q zinc production cost at US$1,010/MT Hindustan Zinc’s Board has approved a first phase of US$1.4 billion investment plans to...

PIB
Projects

Project: SAIL supplied 31,000+t steel to Zojila

by Fiinews
July 22, 2025
0
12

Work on infrastructure challenging Himalayan terrain Steel Authority of India Limited (SAIL) has supplied over 31,000 tonnes of steel to...

JGU

Project: MJIAS to work on India-US ties

July 22, 2025
13
Adia

Invest: ADIA takes stake in expansion-mode Meril

July 22, 2025
19
SRM University-AP, Amaravati.

Invest: CM highlights green hydrogen prospects

July 22, 2025
22
PIB

Project: Minister lauds IN-indigenous shipbuilding industry

July 20, 2025
14
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: Empower acquires NIRA for serving India
  • Market: KredX leverages on Canara Bank network
  • Manufacturing: Nash Energy-Rincell to make cells
  • Project: Hindustan Zinc’s Phase I approved
  • Tender: Minister updated on Bihar Nuclear plants

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.