Brookfield India

Brookfield India Reit launches QIP issue to raise up to Rs 3,500 cr

Brookfield India Real Estate Trust on Monday launched its QIP issue to raise up to Rs 3,500 crore by issuing shares to institutional investors. In a regulatory filing, Brookfield India Real Estate Trust informed that the Issue Committee of the board of directors of Brookprop Management Services Pvt Ltd -- manager to Brookfield India REIT -- approved the opening of the QIP (qualified institutional placement) issue on Monday. The panel approved the floor price of Rs 287.55 per unit. The unit price closed at Rs 290.73 apiece on the BSE. Last month, the company's unitholders approved a proposal to raise up to Rs 3,500 crore. The board of directors of Brookprop Management Services approved the issuance of units of Brookfield India REIT through an institutional placement of units not exceeding Rs 3,500 crore in one or more placements. The proceeds will be used for the partial or full prepayment or repayment of the outstanding borrowings, equity contribution, and general purposes, inclu

Brookfield India REIT to raise up to Rs 3,500 cr via issue of unitholders

Brookfield India Real Estate Trust on Thursday announced plans to raise up to Rs 3,500 crore through issue of units to institutional investors to reduce debt as well as to fund future growth, and reported a 40 per cent increase in its net operating income to Rs 485.8 crore for the second quarter of this fiscal. The company also announced distribution of Rs 220.8 crore for the second quarter of this fiscal to unitholders. The board of directors of Brookprop Management Services Pvt Ltd, the manager of Brookfield India Real Estate Trust, approved the issuance of units of Brookfield India REIT through an institutional placement of units not exceeding Rs 3500 crore in one or more placement, according to a regulatory filing on Thursday. The proceeds will be used for the partial or full prepayment or repayment of the outstanding borrowings, equity contribution, general purposes, including funding operating expenses, funding capital expenditure, making investments in creditworthy instrument

Brookfield India REIT Q2 FY25 Results: Adjusted NOI grows 40% YoY

The REIT also declared a distribution of Rs 4.60 per unit to its unitholders

Brookfield likely to add more to $13 bn it has bet on India infrastructure

Toronto-based Brookfield has nearly $29 billion of assets across infrastructure, real estate, renewable and private equity investments in India

Brookfield India REIT Q1 results: PAT jumps to Rs 37.3 cr, NOI at Rs 440 cr

Brookfield India Real Estate Trust has reported a 93 per cent jump in its net operating income to Rs 439.9 crore and declared a distribution of Rs 216 crore for the June 2024 quarter. Its net operating income (NOI) stood at Rs 227.5 crore in the year-ago period. According to a regulatory filing on Wednesday, Brookfield India Real Estate Trust declared a distribution of Rs 216 crore or Rs 4.50 per unit for the quarter ended June 30, 2024. The company's net profit stood at Rs 37.35 crore in the first quarter of this fiscal against a loss of Rs 27 crore in the year-ago period. Total income rose to Rs 590.91 crore from Rs 320.73 crore during the period under review. Brookfield India Real Estate Trust achieved gross leasing of 2,42,000 square feet at Rs 135 per square feet. During the June quarter, the company informed that it has completed the acquisition of a 50 per cent stake in a 3.3 million square feet commercial portfolio in Delhi-NCR from Bharti Enterprises for Rs 1228 ...

Brookfield announces strategic investment in TN-based Leap Green Energy

Brookfield and Leap Green recently entered into definitive strategic investment agreements pursuant to which Brookfield has acquired a majority controlling stake in the company

Brookfield India REIT to acquire Bharti Enterprises' stake in realty JV

Following this, Bharti would become the second largest unitholder in Brookfield India REIT with an ownership stake of 8.53%

Brookfield India Real Estate Trust to distribute Rs 209 cr to unitholders

Brookfield India Real Estate Trust on Monday reported an 89 per cent growth in net operating income to Rs 453.4 crore and declared distribution of Rs 208.56 crore for the December quarter. The distribution comprises Rs 97 crore at Rs 2.21 per unit in the form of interest payment on shareholder loan, Non-Convertible Debentures (NCDs) and Compulsory Convertible Debentures (CCDs), Rs 108.89 crore at Rs 2.48 per unit in the form of repayment of Special Purpose Vehicles (SPV) debt and NCD and the balance Rs 2.63 crore at Rs 0.06 per unit in the form of interest on fixed deposit. In a regulatory filing, the company said it will distribute Rs 208.56 crore at Rs 4.75 per unit to unit holders for the December quarter. The company's net profit declined to Rs 16.57 crore during the quarter from Rs 24.68 crore in the year-ago period. Total income, however, rose to Rs 561.13 crore during the October-December period from Rs 309.34 crore in the corresponding period of the previous year. On ...

Brookfield-backed India Infra InvIT to raise Rs 6,452 crore via debentures

The infrastructure investment trust is in the process of issuing NCDs, and the proceeds will be used entirely to refinance debt maturing at the Special Purpose Vehicle (SPV) level

Brookfield planning $1.2 billion of debt to buy India assets: Reports

Investment firm Brookfield is betting on growth in India, whose economy is outpacing that of other large countries and where smartphone usage is increasing rapidly

American Tower to sell India operations to Brookfield for $2.5 billion

Canada-based Brookfield will acquire the Indian business of American Tower Corporation (ATC) for an enterprise value of USD 2 billion, a release said on Friday. The transaction is subject to regulatory approvals and expected to close in the second half of 2024. "Data Infrastructure Trust (DIT), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management, today announced the signing of an agreement with ATC to acquire 100 per cent of equity interests in American Tower's operations in India (ATC India), for an enterprise value of Rs 16,500 crore (USD 2 billion) which is subject to pre-closing terms as per the securities purchase agreement," it said. ATC India has a portfolio of approximately 78,000 sites across the country. This will be Brookfield's third acquisition in the Indian telecommunications space. In 2022, Brookfield acquired a portfolio of 5,000 indoor business solution sites and small cell sites, which advances the rollout of 5G and enables

Brookfield India REIT raises Rs 750 cr via issue of commercial papers

Brookfield India Real Estate Trust has raised Rs 750 crore through issue of commercial papers to partly fund acquisition of two properties in Mumbai and Gurugram. According to a regulatory filing, Brookfield India Real Estate Trust has issued and allotted 15,000 dematerialised, rupee denominated, listed and rated commercial papers, aggregating to Rs 750 crore at a face value of Rs 5 lakh each. Recently, the company said it has a financial commitment in place for the acquisition of two large commercial assets, totalling 6.5 million square feet, in an equal partnership with GIC, from Brookfield Asset Management's private real estate funds. The company has already raised Rs 2,305.4 crore through the Qualified Institutional Placement (QIP). It plans to raise Rs 400 crore through preferential allotment to the sponsor group. The acquisitions of Downtown Powai, Mumbai and Candor TechSpace (G1) Gurugram will add significant scale and diversification to its portfolio, the company said, add

Brookfield India REIT Q1 net operating income rises to Rs 245 crore

Brookfield India Real Estate Trust on Monday reported a 4.5 per cent increase in net operating income to Rs 245.3 crore in the June quarter and announced distribution of Rs 164.16 crore to unitholders. Adjusted net operating income grew 4.5 per cent year-on-year to Rs 245.3 crore in the first quarter of the current fiscal from Rs 234.6 crore in the year-ago period. Income from operating lease rentals grew 3.9 per cent on-year to Rs 211,3 crore from Rs 203.4 crore in the same period a year ago. On the operational front, the company did gross leasing of 2,98,000 square feet in the June quarter, which includes 63,000 square feet of new leasing and 2,35,000 square feet of renewals. Brookfield India Real Estate Trust said it has financial commitment in place for the acquisition of two large commercial assets, totalling 6.5 million square feet, in an equal partnership with GIC, from Brookfield Asset Management's private real estate funds. Recently, the company raised Rs 2,305.4 crore ..

Brookfield India REIT raises Rs 2,305 cr through sale of units to investors

Brookfield India Real Estate Trust has raised Rs 2,305 crore by selling units to institutional investors on private placement basis and will mainly use this fund for acquisition of two assets in Gurugram and Mumbai. In a regulatory filing, Brookprop Management Services Pvt Ltd, which is manager to Brookfield India REIT, informed that the issue committee has approved the allotment of 9,13,01,349 units to 64 successful eligible institutional investors, at the issue price of Rs 252.50 per unit. The names of investors were not disclosed. The issue price includes a discount of Rs 13.29 per unit (which is 5 per cent) on the floor price of Rs 265.79 per unit. "Pursuant to the allotment of the units in the issue, 42,63,88,422 units are issued and outstanding," the filing said. Brookfield India Real Estate Trust (Brookfield India REIT) had opened the issue on July 27 for receiving bids. Last month, the unitholders had approved raising of funds through an institutional placement of units n

Avaada Ventures secures $1.07 billion funding for expansion plans

Avaada Ventures recently signed a memorandum of understanding with the Rajasthan government worth Rs 40,000 crore for setting up a green ammonia manufacturing plant

Brookfield India's net dips 61% to Rs 27 crore, net operating income up

The company's sales rose 43.40 per cent to Rs 303.60 crore in the July-September quarter, from Rs 211.71 crore during the previous quarter ended September 2021

Brookfield India REIT Q2 net operating income rises 48% to Rs 241 crore

Brookfield India Real Estate Trust on Monday reported a 48 per cent rise in its net operating income to Rs 241.3 crore for the quarter ended September 30 and announced a distribution of Rs 170.89 crore to unitholders. Its net operating income (NOI) stood at Rs 162.8 crore in the year-ago period. In a regulatory filing, Brookfield India Real Estate Trust informed that the company has declared a distribution of Rs 170.89 crore or Rs 5.10 per unit for the quarter ended September 30, 2022. This takes the total payout this fiscal so far to Rs 10.20 per unit, which is in line with its guidance, the company said in a statement. Its net profit fell to Rs 26.71 crore during the July-September quarter from Rs 68.28 crore in the year-ago period. The total income rose to Rs 311.64 crore from Rs 214.80 crore. On the operational front, the company achieved leasing of 3,06,000 square feet area in Q2 of FY23, of which 1,27,000 square feet is new leasing and 1,79,000 square feet is renewals. It ..

REITs: A combination of good returns with room for growth, say experts

Payouts can be affected by vacancy and tenants defaulting on payments

Brookfield India REIT proposes to raise up to Rs 5,000 cr via sale of units

The units will be issued at a price not less than the rate to be determined in accordance with Sebi's guidelines for REIT

Brookfield India REIT to acquire Seaview Developers for Rs 3,970 crore

The acquisition and the funding are subject to unitholder and regulatory approvals