Brookfield India Real Estate Trust REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Brookfield India REIT's Board approved acquiring up to 100% of Arliga Ecoworld Business Parks Private Limited for ₹131,250 million (subject to adjustments), a 7.7 MSF Grade-A office campus on Outer Ring Road, Bengaluru. The purchase is from a Brookfield group entity (BSREP III New York FDI I), making it a related party transaction that needs unitholder approval at an EGM on November 28, 2025. The acquisition price is at a 6.5% discount to the average GAV of ₹140,441 million, and is expected to be 1.6% NAV accretive and 3.0% DPU accretive. To fund the deal, the Board approved an institutional placement of units up to ₹35,000 million and issuance of listed, secured NCDs/bonds up to ₹35,000 million. Pro-forma the portfolio grows 31% in operating area (to 32.3 MSF) and 35% in GAV (to ₹536 billion). Separately, Q2 FY2026 results showed operating lease rentals of ₹4,757 million (up 11.7% YoY), NOI of ₹5,094 million (up 12.9%), DPU of ₹5.25/unit (up 14% YoY) and NAV of ₹349/unit. Committed occupancy stood at 90% with gross leasing of 592 KSF at a 21% re-leasing spread.
If unitholders approve on November 28, this is a sizeable, value-accretive acquisition that materially expands the REIT into Bengaluru, but it involves a related-party seller and ₹35,000 million of fresh unit issuance, which could create near-term dilution and overhang on unit price. Steady Q2 results with rising DPU and healthy occupancy support current distributions.