Brookfield India Real Estate Trust Raises ₹3,500 Crore Through QIP
Brookfield India Real Estate Trust has initiated a qualified institutional placement (QIP) to raise ₹3,500 crore, as sources privy to the developments informed CNBC-TV18. The indicative price for the issue is ₹320 per unit, which is a 3.4% discount to the current market price. This QIP size amounts to 17.1% of the company’s pre-issue units.
Proceeds from the fundraising will be allocated toward the acquisition of Ecoworld as well as the repayment of existing debt. This strategic move is expected to strengthen Brookfield India Real Estate Trust's financial position and expand its portfolio.
Last week, unitholders of Brookfield India Real Estate Trust approved a proposal to raise funds through institutional placements in one or more tranches. In a regulatory filing, the company stated that the issue committee of the board of directors of Brookprop Management Services Pvt Ltd, the manager of Brookfield India REIT, approved the opening of the QIP issue on December 4, 2025, for receiving bids.
Brookfield India REIT manages a portfolio of 10 Grade A assets located in prime locations such as Delhi, Mumbai, Gurugram, Noida, and Kolkata. The portfolio comprises a total leasable area of 29.1 million square feet, including 24.6 million square feet of operating area, 0.6 million square feet of under construction area, and 3.9 million square feet of future development potential. This robust portfolio positions Brookfield India REIT as a significant player in the Indian real estate market.
Shares of Brookfield India Real Estate Trust ended at ₹331.62, down by ₹2.11, or 0.63%, on the BSE. Despite the slight decline, the market remains optimistic about the company's growth prospects, particularly with the successful execution of the QIP and the strategic acquisitions planned.
Brookfield Corp, the parent company, has also been active in managing its stake in Brookfield India REIT. Recently, Brookfield Corp sold a 5.13% unit holding in BIRET for ₹883 crore, further indicating the company's strategic approach to capital management and portfolio optimization.
The launch of this QIP is a significant step for Brookfield India Real Estate Trust, as it aims to bolster its financial resources and enhance its market presence. The company's focus on strategic acquisitions and debt repayment underscores its commitment to sustainable growth and value creation for its stakeholders.
