🧵 1. Delhi-based Brookfield India REIT opens issue to raise Rs 3,500 cr through a private placement, selling units to institutional investors. #business
🧵 1. Delhi-based Brookfield India REIT opens issue to raise Rs 3,500 cr through a private placement, selling units to institutional investors. #business
🧵 2. Brookfield India REIT approves floor price of Rs 265.79 per unit for the issue, aims to acquire assets in Gurugram and Mumbai.
🧵 3. Unitholders have already approved raising funds through institutional placement of units not exceeding Rs 3,500 cr.
🧵 4. Partnership with GIC enables Brookfield India REIT to acquire two commercial properties worth $1.4 billion in Mumbai and Gurugram.
🧵 Read more at: https://www.moneycontrol.com/news/business/brookfield-india-reit-opens-issue-to-raise-up-to-rs-3500-cr-by-selling-units-to-investors-11045471.html