https://www.taxtmi.com/news?id=31844 Mindspace Business Parks REIT approved acquisition of 100 per cent equity in Sustain Properties, owner of 1.82 million square feet at Commerzone Raidurg, Hyderabad, with shareholders to receive consideration by preferential allotment of REIT units. The transaction distinguishes equity value from enterprise value, contemplates debt financing to fund the acquisition, and targets closing by the end of March. The asset is fully leased to a marquee tenant and the REIT reported higher net operating income and a multi component distribution to unitholders. en-us Wed, 29 Jan 2025 15:31:05 +0530 Wed, 29 Jan 2025 15:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31844 Mindspace Business Parks REIT approved acquisition of 100 per cent equity in Sustain Properties, owner of 1.82 million square feet at Commerzone Raidurg, Hyderabad, with shareholders to receive consideration by preferential allotment of REIT units. The transaction distinguishes equity value from enterprise value, contemplates debt financing to fund the acquisition, and targets closing by the end of March. The asset is fully leased to a marquee tenant and the REIT reported higher net operating income and a multi component distribution to unitholders. News - Wed, 29 Jan 2025 15:31:05 +0530 https://www.taxtmi.com/news?id=31844