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 has approved issuing up to 3,22,58,065 units at ₹310 per unit on a preferential basis to 47 identified investors, including corporates, family offices, and high net-worth individuals, to raise ₹10 billion. The issue is subject to unitholder approval, with an extraordinary meeting scheduled for August 26, 2025. The filing also notes that Equinox Business Parks shareholders will pursue selling their stake to a third party, though if not completed within ROFO timelines, a fresh offer will be made to the REIT. Alongside, Q1 FY2026 results were announced: gross leasing of 651,000 sq ft, committed occupancy of 89% (up ~9% in 18 months), NOI of ₹4,986 million (up 13% YoY), and distribution of ₹5.25 per unit (up 17% YoY), with record date August 6 and payout on or before August 13, 2025.
The ₹10 billion preferential issue at ₹310/unit is a premium to the IPO price and will dilute existing unitholders by about 12.7% if fully subscribed, but provides growth capital for future acquisitions. Combined with strong Q1 results—17% YoY distribution growth, 22% re-leasing spread, and ~22% expected distribution growth going forward—the outlook for unitholders remains positive, though the Equinox exit to a third party means a potential acquisition pipeline opportunity is being passed up.