Property Share Investment Trust - Propshare Platina544295Strategic exit plan

Non-binding term sheet signed to sell all assets of the scheme at about Rs 410.13 Cr enterprise value

PS Platina has signed a non-binding term sheet on October 21, 2026 with the Investment Manager of a Category-II Alternative Investment Fund.

By ScoutQuest · Thu 22 Oct 2026, 12:59 PM IST · 2 min read

Term Sheet Date: October 21, 2026
Enterprise Value: Rs 410.13 Cr
Transaction Structure: transfer of the entire share capital and all other instruments of all the SPVs owned by PS Platina

What was announced

PS Platina, represented by PropShare Investment Manager Private Limited, has entered into a non-binding term sheet on October 21, 2026 with the Investment Manager of an Alternative Investment Fund (Category-II) — either directly, indirectly, or through one of the investment vehicles managed by it — for the proposed sale of all the assets held under PS Platina.

Deal size and structure

The proposed transaction is at an Enterprise Value of approximately Rs 410.13 Cr.
The sale is structured as a transfer of the entire share capital and all other instruments of all the SPVs owned by PS Platina, rather than a direct sale of property.
The Enterprise Value will be subject to customary and identified adjustments (if any) on the closing date for working capital items or other items.
After those adjustments, the Net Consideration (subject to applicable taxes) will be realised, if and upon successful completion of the transaction.

Background

The Investment Manager's Board, at its meeting on July 13, 2026, evaluated the proposed sale of all assets held under PS Platina and authorised officials to run the evaluation process and engage with prospective buyers.
That step was disclosed to the exchange on July 13, 2026, and the current update follows from it.

What still stands between the term sheet and a completed sale

Completion of due diligence
Negotiation and execution of definitive agreements
Receipt of applicable approvals
Fulfilment of other conditions mutually agreed between the parties

How to read the word "non-binding"

The update states that execution of the non-binding term sheet does not, in itself, constitute a binding commitment to consummate the proposed sale. The transaction will be subject to the terms and conditions of the definitive agreements, if and when executed. In simple terms, this is an agreed starting point for a possible sale, not a concluded sale.

What the reader can take away

A buyer category and an indicative value have been named, which gives a reference point for the proposed sale.
The final amount received can differ from the stated Enterprise Value because of closing-date adjustments and applicable taxes.
Whether the sale actually happens depends on the steps listed above being completed.

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