Brookfield India Real Estate Trust (REIT), sponsored by an affiliate of Canada's Brookfield AMC, filed its draft offer document with the Securities and Exchange Board of India (Sebi) on Wednesday. With the initial public offering (IPO), it plans to raise Rs 4,400 crore.
This is the third REIT offering in India after the Embassy Office Parks REIT and the Mindspace REIT.
The IPO consists of units of Brookfield India Real Estate Trust comprising a fresh issuance aggregating up to Rs 3,800 crore and an additional component for an offer for sale. The issue will see the participation of strategic investors, institutional investors,