Brookfield to launch Rs.3,800 crore REIT IPO on 3 February
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Mumbai, Jan. 28 -- Brookfield India Real Estate Trust, backed by Canadian asset manager Brookfield Asset Management Inc, will raise Rs.3800 crore through initial public offering (IPO).
The issue will open on 3 February and close on 5 February, Brookfield said in an advertisement on Thursday. The issue price will be between Rs.274-275 per unit of the REIT.
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The proceeds from the issue will be used for partial or full repayment of existing debt, the company said in its offer document.
Currently BPG Holdings Group Inc, a Brookfield entity, holds 99% stake in the REIT.
This will be the third REIT IPO after the successful listing of Blackstone Group Inc backed Mindspace Business Parks REIT...
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