Brookfield India REIT Opens Rs 3,500 Crore QIP at Rs 320 per Unit

• Brookfield India REIT launches Rs 3,500 crore QIP at Rs 320 per unit
• Funds to support Ecoworld acquisition and debt repayment
• Issue price set at a 3.4% discount to market rate

Brookfield India Real Estate Trust has opened a qualified institutional placement (QIP) to raise Rs 3,500 crore, marking a major fundraising move aimed at expanding its portfolio and strengthening its financial position. The issue opened on December 4, with the price set at Rs 320 per unit, reflecting a 3.4% discount to its latest market close.

According to sources, the QIP represents 17.1% of the REIT’s pre-issue unit base. The capital raised will be channeled toward acquiring Ecoworld, one of Bengaluru’s prominent office parks, and reducing existing debt. This move is expected to enhance the REIT’s asset mix and long-term income potential.

The issue committee of Brookprop Management Services Pvt. Ltd., which manages Brookfield India REIT, approved the launch after unitholders gave their consent last week to raise funds through institutional placements.

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Brookfield India REIT currently manages 10 Grade A office properties across major cities including Delhi, Mumbai, Gurugram, Noida, and Kolkata. The portfolio spans 29.1 million square feet, consisting of 24.6 million square feet of operational space, 0.6 million square feet under construction, and 3.9 million square feet reserved for future development.

Shares of Brookfield India REIT closed at Rs 331.62 on the BSE, down 0.63%, or Rs 2.11, on Thursday.