As per a regulatory filing, Brookfield India Real Estate Trust plans to raise Rs 5,000 crore through unit sales to institutional investors. On Saturday, Brookfield India Real Estate Trust has to purpose to raise funds to Rs 5,000 crore through sales of units, as said by the regulatory firm.
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The board of directors (BOD) of Brookprop Management Services Pvt Ltd, the manager of Brookfield India Real Estate Trust (Brookfield India REIT), at its meeting held on Friday, approved the “issuance of units of Brookfield India REIT for an aggregate amount not exceeding Rs 50,000 million…”
Accordance to SEBI guidelines, the units will be issued at a price not less than to be determined for REIT for eligible investors through the placement of institutional in tranches or more than one, they added. The approval has been given to unitholders.
