The REIT has launched a qualified institutional placement (QIP) to raise up to ₹2,000 crore, sources told CNBC-TV18. The indicative issue price is pegged at around ₹323 per unit, with a base issue size of about 8.3% of the pre-issue outstanding units at this price.
In a late-evening exchange filing on April 16, the company confirmed the launch of the issue, with a floor price set at ₹329.94 per unit, although it did not disclose the total issue size.
This marks Brookfield India REIT’s second capital raise in recent months. In December, the trust had raised ₹3,500 crore through a similar QIP.
Earlier, on March 12, the board had approved raising up to ₹4,000 crore via one or more institutional placements, subject to regulatory and unitholder approvals.
Shares of Brookfield India REIT ended 0.66% higher at ₹329.88 on Thursday. The stock is down 1.11% so far this year.
