Brookfield India REIT QIP upsized to Rs 2,600 crore
17 April 2026
This is the second fund raise by the firm in recent months. In December, it had raised Rs 3,500 crore, also via the QIP route.
Brookfield India Real Estate Trust (REIT) has upsized its qualified institutional placement (QIP) launched on April 16 to Rs 2,600 crore on the back of higher demand from investors, multiple industry sources in the know told Moneycontrol.
On April 16, Moneycontrol was the first to report that Brookfield India REIT had launched it's QIP with a base size of Rs 2,000 crore with a green-shoe option to increase the size of the deal later if required.In a late evening stock exchange disclosure on April 16, the firm said its board of directors had approved the opening of the issue with a floor price of Rs 329.94 per unit.
Kotak Mahindra Capital, Avendus Capital and JM Financial are the investment banks working on the QIP, the April 16 Moneycontrol report had
Moneycontrol could not elicit an immediate comment from Brookfield Asset Management and the i-banks on the upsizing of the deal.
This is the second fund raise by Brookfield India REIT in recent months , which calls itself "India's only 100 percent institutionally managed office REIT". In December, it had raised Rs 3,500 crore, also via the QIP route.
On March 12, the board of directors of Brookfield India REIT approved "the issuance of units of Brookfield India REIT through an institutional placement of units not exceeding Rs 40,000 million in one or more placements in accordance with the SEBI (Real Estate Investment Trust) Regulations, 2014 and the provisions in relation to institutional placement in the Master Circular for real estate investment trusts dated July 11, 2025 issued by Securities and Exchange Board of India , as amended or clarified from time to time, and other applicable laws and subject to the approval of the Unitholders under regulation 22(6) of the REIT Regulations."
The enabling resolution for the QIP was aimed at creating dry powder which could be used for future growth opportunities, capital commitments and interim debt reduction, the disclosure elaborated.
Last month, Brookfield India REIT appointed PwC India's Shashank Jain as the new CEO & MD of the firm. Jain will take over from current CEO and MD Alok Agarwal on July 1.
In September, Moneycontrol had exclusively reported that New York-headquartered investment giant Brookfield Asset Management and Singapore's GIC had reached a mega strategic pan-India alliance to own and manage 5.5 million square feet of operating office assets in three cities, namely Mumbai, Hyderabad and Bengaluru.