Mindspace Reit builds book for Rp45bn IPO

By Jonathan Breen
28 Jul 2020

Blackstone-backed Mindspace Business Parks Real Estate Investment Trust has kicked off a Rp45bn ($601.2m) listing in India.

The Reit opened a three-day bookbuilding on Monday for the deal, which comprises Rp10bn in new stock and Rp35bn of secondary units provided by existing shareholders.

After the first day, the book was covered 0.38 times. However, the majority of the 163.9m units were already allocated before ...

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