The acquisition will add ₹241 crore to net operating income (NOI) on a proforma basis (of which 51% is attributable to Mindspace REIT), while loan-to-value (LTV) ratio will increase from 28.0% to 30.3%.
Mindspace REIT acquires 51% stake in ITPC – Radial Road for ₹3,000 crore
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