Brookfield India REIT Launches QIP to Raise ₹3,500 Crore for Debt Reduction and Strategic Growth

Brookfield India Real Estate Trust (REIT) has officially launched a Qualified Institutional Placement (QIP) to raise up to ₹3,500 crore, with a floor price set at ₹287.55 per unit. This decision follows the approval granted by unitholders on November 29, 2024, for raising funds through one or more institutional placements. The QIP aims to support the REIT's strategic goals, including reducing debt and funding general corporate purposes. The bidding process for the placement commenced on December 9, 2024.

In its earlier filings, Brookfield India REIT reiterated its focus on leveraging the funds for strategic initiatives. "One of the stated strategies of Brookfield India REIT has been inorganic growth through acquisitions. The funds raised will be used primarily for reduction of leverage," the REIT noted in its November 29 filing.

To ensure compliance with regulatory guidelines, the REIT has implemented a trading window closure for designated persons and their relatives. "We also wish to inform you that the trading window will continue to remain closed in terms of the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, circulars issued by the stock exchanges and policy on unpublished price sensitive information and dealing in units of Brookfield India REIT for all the designated persons and their relatives until the expiry of 48 hours post announcement of the allotment of units in the Issue or until the window is opened by the compliance officer, whichever is later," the REIT stated.

Brookfield India REIT has been experiencing strong operational momentum. In November 2024, the REIT reported achieving gross leasing of 1 million square feet in the second quarter of FY25. This milestone was driven by a revival in demand for Special Economic Zone (SEZ) office spaces, underscoring the resilience and growth potential of the commercial real estate sector.

About Brookfield India Real Estate Trust (REIT)

Brookfield India Real Estate Trust (REIT) is an institutionally managed REIT focused on owning and managing income-generating commercial real estate in India. Its portfolio includes approximately 18.7 million square feet of Grade-A campus-style workspaces across locations like Candor TechSpace in Kolkata (Rajarhat, K1), Mumbai (Kensington, Powai), Gurugram (Sector 21), and Noida (Sectors 62 and 135). The REIT aims to deliver stable and sustainable distributions to its Unitholders and is managed by Brookprop Management Services Private Limited.