Brookfield India Real Estate Trust REIT has informed the Exchange regarding Outcome of Extraordinary General Meeting held on 28/11/2025
Awaiting price reaction for this filing.
Brookfield India REIT held its 8th Extraordinary General Meeting on November 28, 2025, attended by 9 unitholders representing about 25.12% of total units (16.08 crore units). Two key resolutions were put to vote: (1) approval to acquire Arliga Ecoworld Business Parks Private Limited — a 7.7 million sq ft grade-A office campus on Bengaluru's Outer Ring Road — for Rs. 13,125 crore, at roughly a 6.5% discount to the average valuation by two independent valuers, and (2) approval to raise up to Rs. 35,000 million (Rs. 3,500 crore) through institutional placement of units in one or more tranches. Management stated the deal would expand the REIT's operating area by ~31%, grow gross asset value by ~35%, take pan-India footprint to 7 cities, raise pro-forma NAV to Rs. 355 per unit (from Rs. 349), and lift distribution per unit (DPU) by 3%. The actual voting results were not yet included in this filing — they will be announced within 2 working days.
If approved, this is one of the largest acquisitions in the Indian REIT space and a meaningful portfolio expansion that boosts NAV and DPU modestly. However, unitholders should note the Rs. 3,500 crore institutional placement will dilute existing unit holdings, so net accretion depends on the final issue price relative to NAV.