Brookfield India Real Estate Trust REIT has informed the Exchange regarding Issue of units through Preferential issue on 02/09/2025
Awaiting price reaction for this filing.
Brookfield India REIT has allotted 3,22,58,065 units to 47 third-party investors at Rs. 310 per unit on a preferential basis, raising approximately Rs. 1,000 crore (Rs. 10,000,000,150) in total. The unitholders had approved this preferential issue at an extraordinary meeting held on August 26, 2025, and the allotment was completed on September 2, 2025 under SEBI REIT Regulations. Investors include a mix of AIFs, domestic body corporates, resident and non-resident individuals, partnership firms, and trusts. Notable large investors include Larsen & Toubro (Rs. 225 crore), LTIMindtree (Rs. 100 crore), L&T Technology Services (Rs. 50 crore), L&T Welfare Company (Rs. 50 crore), and 360 One Real Asset Advantage Fund (Rs. 80 crore). The issue price is uniform at Rs. 310 across all investor categories, and the funds will add to the REIT's equity capital base to support growth or debt reduction.
This is a meaningful Rs. 1,000 crore equity raise that strengthens the REIT's balance sheet and brings several marquee institutional investors (especially the L&T group) onto the unitholder list. Existing unitholders may see some unit dilution in the short term, but the fresh capital supports future acquisitions or debt paydown, which is positive over the medium term.