Brookfield India Real Estate Trust (BIRET) is set to acquire a 50 per cent stake in four Grade A assets from Bharti Enterprises in Delhi and Gurugram at an enterprise value of Rs 60 billion. The total equity consideration for the 50 per cent stake would be fulfilled through a preferential allotment of units in BIRET to Bharti at Rs 300 a unit. It will make Bharti the second largest unitholder in BIRET with an ownership stake of 8.53 per cent.
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