Brookfield India REIT launches ₹3,500 crore QIP for Ecoworld deal
pre-market1 source ↓written by the desknot a recommendation
- at an indicative
- ₹3,500 crore
- indicative price
- ₹320 per unit
- to market price
- 3.4% discount
- deal
- ₹13,125 crore
Brookfield India Real Estate Trust has initiated a QIP to raise up to ₹3,500 crore at an indicative price of ₹320 per unit, a 3.4% discount to market price. Proceeds will fund the Ecoworld acquisition and reduce debt. This follows last month’s record ₹13,125 crore deal for a Grade-A office campus in Bengaluru.
The capital raise may enhance liquidity and support future growth, impacting market sentiment positively.
Not investment advice. For informational purposes only.