Latest News | Brookfield India REIT Proposes to Raise Up to Rs 5,000 Cr Via Sale of Units
Get latest articles and stories on Latest News at LatestLY. Brookfield India Real Estate Trust plans to raise up to Rs 5,000 crore through sales of units to institutional investors, as per a regulatory filing.
New Delhi, May 27 (PTI) Brookfield India Real Estate Trust plans to raise up to Rs 5,000 crore through sales of units to institutional investors, as per a regulatory filing.
The board of directors of Brookprop Management Services Pvt Ltd, the manager of Brookfield India Real Estate Trust (Brookfield India REIT), at its meeting held on Friday approved "issuance of units of Brookfield India REIT for an aggregate amount not exceeding Rs 50,000 million..."
Also Read | Oppo A57, Oppo A57s Tipped To Launch in India Soon; Specifications Leaked Online.
The units will be issued at a price not less than the rate to be determined in accordance with SEBI's guidelines for REIT to eligible investors through an institutional placement in one or more tranches, it added.
The company will take approvals from its unitholders.
Also Read | Infinix Note 12 Turbo Now Available for Sale in India, Check Offers Here.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)