Brookfield India REIT appoints bankers to raise $400 million in equity capital

Brookfield India Real Estate Investment Trust (REIT) has appointed eight investment banks for its planned equity raising of around $400 million, and is targeting the deal’s closure by July 2023 via a qualified institutional placement (QIP).
The trust planned to raise up to $425 million for a recently announced $1.4 billion acquisition of 6.5 million square feet of Indian offices with Singapore’s GIC. No details of a timeline or how it would raise the funds has been disclosed.