Billionaire Chandru Lachmandas Raheja has completed a significant divestment in Mindspace Business Parks REIT, selling 9.9 million units for ₹498.7 crore through a market sale on the BSE on September 21, 2026. According to the latest disclosure filed under SEBI PIT Regulations, 2015, Raheja, Chairman of real estate major K Raheja Corp, sold these units at an average price, reducing his total stake from 5.66% to 4.16%. The transaction represents a substantial reduction in his unitholding, with Raheja's holding decreasing from 37.4 million units to 27.5 million units in the Mumbai-based REIT. As per the disclosure, no trading activity occurred in derivatives by the sponsor group member during this period.
Following the stake sale announcement, Mindspace Business Parks REIT shares experienced a modest decline, trading 0.18% lower at ₹504.05 per unit on Tuesday. As reported by Rediff Moneynews, Business Standard, and PTI, the transaction represents a significant divestment by Raheja, who continues to maintain a substantial presence in India's commercial real estate market through his group's various brands including Mindspace, Commerzone, Crossword Bookstores and Shoppers Stop. The K Raheja Corp group, run by Chandru Raheja's sons Neel and Ravi, maintains a significant footprint in India's commercial real estate market.
As of September 22, 2026, Mindspace Business Parks REIT shares are trading at ₹504.84, down by ₹0.3 from the previous closing. The stock has fluctuated between ₹501.35 and ₹507.99 during the trading session. Over the past year, the REIT has achieved a return of 15.09%, with a 2.05% return in the last month alone. The stock's 52-week high stands at ₹512 and 52-week low at ₹428, with the company maintaining a market capitalization of ₹33,407.20 crore as of September 22, 2026.
Mindspace Business Parks REIT, a Sebi-registered real estate investment trust, operates a substantial portfolio with 36 million square feet of completed area, 6.6 million square feet under construction, and 3.6 million square feet of future development area. The REIT has significantly expanded its portfolio through strategic acquisitions, including the acquisition of Q-City (rebranded as The Square 110) in Financial District, Hyderabad with 0.81 msf total area in FY26. Recent acquisitions include office spaces at Commerzone, Yerawada, Pune with 46,000 sq. ft. leasable area, and marquee Grade-A office campuses Commerzone Pallikaranai and One Radial in Chennai. The REIT offers Grade-A integrated business parks, standalone office buildings, and high-tech data centres across key commercial districts in Mumbai, Hyderabad, Pune, and Chennai.
The significant divestment by a sponsor group member raises questions about potential selling pressure from other major stakeholders and the impact on institutional investor confidence. As reported by Rediff Moneynews, Business Standard, and PTI, the reduction in promoter holding may influence Mindspace REIT's weightage in passive index funds and subsequent institutional inflows. The filing confirms that no trading activity occurred in derivatives by the sponsor group member during this period, suggesting this was a straightforward equity sale rather than a complex derivatives transaction. The latest transaction comes as the group continues to have a significant presence in India's commercial real estate market, with the REIT maintaining strong fundamentals and consistent dividend payments including recent distributions of ₹5.83 and ₹5.79 per unit.
