https://ift.tt/eA8V8J Brookfield India Real Estate Investment Trust (Brookfield REIT) on Tuesday raised Rs 1,710 crore from 39 anchor investors ahead of its initial public offer (IPO). Brookfield India will hit the capital market with its REIT public issue today to raise up to Rs 3,800 crore. The company said that under anchor investors' portion in the public issue, 62,180,800 units have been subscribed at a bid price of Rs 275 per unit, the higher price band. This amounts to about Rs 1,710 crore. According to reports, HDFC AMC, SBI Life, Tata AIG, HDFC Life, Kotak Mahindra AMC, and Bajaj Holdings, among others, participated in the anchor book. Foreign portfolio investors such as Schroders and Prusik also invested.
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Brookfield REIT raises Rs 1,710 crore from anchor investors ahead of IPO
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Reviewed by Manish Pethev
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February 03, 2021
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