Mindspace Business Parks REIT, owned by K Raheja group and Blackstone, has fixed a price band of ₹274-275 per share for its upcoming initial public offering (IPO), which opens on 27 July, the company said on Tuesday.
The IPO closes on 29 July.
The REIT, only the second in the country to aim at a public listing, plans to raise up to ₹1,000 crore of fresh capital, while its owner K Raheja group and Blackstone will sell units worth ₹3,500 crore through the IPO, taking the total size of the deal to ₹4,500 crore.
The REIT has already received commitments of ₹1,125 crore from strategic investors GIC, Capital Group, Fidelity and Fullerton at the price of ₹275 per unit.
This article was first published on livemint.com.