Brookfield India Real Estate Trust announced a private placement of 16,821,856 units at issue price of INR 294.25 per unit for gross proceeds of INR 4,949,831,128 on December 17, 2021. The transaction will include participation from new investors, HDFC Life Insurance Company Limited and Housing Development Finance Corporation Limited for 6,796,944 units for gross proceeds of INR 2,000,000,772 each and SBICAP Ventures for 3,227,968 units for gross proceeds of INR 949,829,584. The company will issue units through third party preferential issue.

The transaction has been approved by the board of directors of the company.