Brookfield readies Rp38bn Indian Reit IPO

India_adobe_575x375_20
By Jonathan Breen
29 Jan 2021

Brookfield Asset Management is set to launch India’s third real estate investment trust IPO next week, as it aims to raise Rp38bn ($520.8m) from a mix of new and existing stock.

The orderbook for Brookfield India Real Estate Trust is set to open on February 3 for a three-day bookbuilding. The trust’s units will be on offer at Rp274.00 to Rp275.00 each.

The Reit IPO market is still nascent in India. But the looming deal shows a rise in ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial