Brookfield REIT garners Rs 1,710 crore from anchor investors ahead of IPO
The Rs 3,800-crore initial public offering of India s only 100 percent institutionally managed public commercial real estate vehicle will open for subscription on February 3 and close on February 5. February 03, 2021 / 04:05 PM IST
Brookfield India Real Estate Trust (Brookfield REIT) on February 2 raised Rs 1,710 crore from 39 anchor investors ahead of its IPO opening.
The company in consultation with merchant bankers and selling shareholders finalised allocation of 6,21,80,800 units to anchor investors at Rs 275 per unit, the higher price band.
Schroder Global Cities Real Estate, BNP Paribas, Morgan Stanley, DSP Adiko Holdings, Societe Generale, Coronation Global Managed Fund, IA Opportunities and Moon Capital were among the foreign investors that participated in the anchor book.