Brookfield India Real Estate Trust (BIRET) has recently completed a significant preferential allotment of units, leading to changes in its unitholding structure. The move reflects the REIT's ongoing efforts to strengthen its investor base and capital position.

Preferential Allotment Details

BIRET allotted 3,22,58,065 units to certain identified investors on a preferential basis. This strategic move has resulted in an increase in the total outstanding units of the REIT, which now stand at 64,00,10,513.

Updated Unitholding Pattern

Following the allotment, BIRET has submitted an updated unitholding pattern, revealing significant changes in its ownership structure:

Institutional Investors

Among the public unitholders, institutional investors hold a substantial portion of the REIT:

Non-Institutional Investors

The non-institutional investor category also shows significant participation:

Sponsor Group Holding

The sponsor group maintains a significant stake in the REIT, holding 25.12% of the total units. Notably, within this group:

• Foreign bodies corporates hold 24.59% of the total units
• Foreign Portfolio Investors within the sponsor group hold 0.53%

Public Holding Breakdown

The public holding, which accounts for 74.88% of the total units, is divided between institutional investors (48.96%) and non-institutional investors (25.92%).

Implications

This preferential allotment and the resulting changes in the unitholding pattern demonstrate BIRET's ability to attract diverse investors, including significant institutional participation. The balanced mix of sponsor group holding and public unitholding suggests a structure that aligns with regulatory requirements while maintaining strong sponsor commitment.

The substantial presence of mutual funds, insurance companies, and foreign portfolio investors in the unitholding pattern indicates confidence in BIRET's portfolio and management among institutional investors. Meanwhile, the notable participation of bodies corporates and individual investors in the non-institutional category reflects broader market interest in the REIT.

As Brookfield India Real Estate Trust continues to evolve its unitholder base, investors and market watchers will likely keep a close eye on how these changes might influence the REIT's strategy and performance in the coming quarters.

Brookfield India Real Estate Trust (Brookfield India REIT) has received strong support from its unitholders for a significant capital raising initiative. At an Extraordinary Meeting held on August 26, 2025, unitholders voted overwhelmingly in favor of a preferential issue of up to 32,258,065 units.

Voting Results

The resolution for the preferential issue was passed with a special majority, showcasing robust unitholder confidence in the REIT's growth strategy. Key voting statistics include:

• 99.999% of votes cast were in favor of the resolution
• Only 0.001% of votes were against the proposal
• 71.37% of total units participated in the voting process

Breakdown by Unitholder Category

The support for the preferential issue was consistent across all unitholder categories:

Capital Raising Details

Alok Aggarwal, Chief Executive Officer and Managing Director of Brookprop Management Services Private Limited (the manager of Brookfield India REIT), provided insights into the capital raising initiative:

• The preferential issue aims to raise INR 1,000.00 crores
• The issue price is set at INR 310.00 per unit

Strategic Rationale

The funds raised through this preferential issue are intended to support Brookfield India REIT's growth strategy:

1. Enhance ability to pursue growth opportunities, particularly in South India
2. Potential acquisitions from the sponsor group, with access to over 15 million sq. ft. of high-quality office assets in complementary Southern India locations
3. Combined with a previous INR 3,500.00 crores QIP in Q3 FY2025, the REIT will have approximately INR 4,500.00–5,000.00 crores in equity capital for growth opportunities

Investor Base Diversification

The preferential issue is also aimed at diversifying Brookfield India REIT's unitholder base by targeting:

• Family offices
• High-net-worth individuals
• Corporate treasuries

Meeting Details

The Extraordinary Meeting was conducted via video conferencing, in compliance with Securities and Exchange Board of India (SEBI) regulations. Key attendees included the Board of Directors of Brookprop Management Services Private Limited, representatives from Axis Trustee Services Limited (the REIT's trustee), and the appointed scrutinizer.

This successful vote marks a significant milestone for Brookfield India REIT, potentially setting the stage for future growth and expansion in the Indian real estate market, particularly in the office space sector.