Brookfield India Real Estate Trust has recently informed exchanges that the company has launched a Qualified Institutional Placement (QIP) with a floor price set at ₹287.55 per equity share. The offering, approved by the board of directors of Brookprop Management Services Pvt. Ltd., opened for bidding on December 9, 2024.
The company also adopted the preliminary placement document and application form related to the QIP during its Monday meeting. The launch is aimed at raising capital to fund future growth opportunities and strengthen its portfolio.
As per regulatory norms, the trading window will remain closed for all designated persons and their relatives, in compliance with SEBI’s (Prohibition of Insider Trading) Regulations, 2015, and related stock exchange policies. This restriction will continue until 48 hours after the allotment of units is announced or until the compliance officer reopens the window.
Brookfield India REIT is a premier real estate investment trust offering opportunities in commercial properties. The latest QIP initiative aligns with its long-term vision of sustainable growth and value creation for investors.
