Brookfield India Real Estate Trust (Brookfield India REIT) has issued a corrigendum to its extraordinary meeting notice, providing clarity on the objectives of its proposed ₹1,000 crore third-party preferential issue. The amendment, released on August 19, 2025, offers more detailed information about the intended use of the funds and the timeline for their utilization.

Key Updates in the Corrigendum

The corrigendum specifically addresses Point No. 1 of Item No. 1 in the Explanatory Statement of the original notice dated August 1, 2025. The clarified objectives for the preferential issue are as follows:

1. Acquisition of Economic Interests: The proceeds will be used to acquire economic interests in companies owning real estate assets. This will be achieved through:

   • Purchase or subscription of equity securities
   • Acquisition of debt securities
   • Provision of shareholder loans to such companies

2. Timeline for Utilization: The funds are expected to be deployed on or before the end of the financial year 2026-27.

3. Interim Fund Management: Pending the utilization of the proceeds, the manager of Brookfield India REIT has the flexibility to deploy the funds in creditworthy instruments. These may include:

   • Money market mutual funds
   • Bank deposits
   • Other securities, subject to compliance with REIT regulations and applicable laws

Extraordinary Meeting Details

The extraordinary meeting of unitholders is scheduled for August 26, 2025, at 3:00 P.M. IST. It will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

Implications for Investors

This clarification provides unitholders with a more precise understanding of how the ₹1,000 crore raised through the preferential issue will be utilized. The focus on acquiring economic interests in real estate asset-owning companies aligns with Brookfield India REIT's strategy to expand its portfolio and potentially enhance returns for unitholders.

The extended timeline for fund utilization until the end of FY 2026-27 suggests a measured approach to identifying and executing suitable acquisition opportunities. Meanwhile, the provision for interim deployment of funds in creditworthy instruments aims to ensure that the capital remains productive.

Unitholders and other stakeholders are advised to read the original extraordinary meeting notice in conjunction with this corrigendum. The updated information is available on Brookfield India REIT's website and has been communicated to the relevant stock exchanges.

As the real estate market continues to evolve, Brookfield India REIT's strategic moves will be closely watched by investors and industry observers alike.

Brookfield India REIT is set to bolster its financial position with a significant capital raise through a preferential issue. The company has scheduled an extraordinary meeting of unitholders on August 26, 2025, to seek approval for this strategic move.

Key Details of the Preferential Issue

• Issue Size: 3,22,58,065 units
• Issue Price: ₹310.00 per unit
• Total Funds to be Raised: ₹10,000.00 crore
• Number of Investors: 47 specified third-party investors

Notable Investors

Some of the prominent investors participating in this preferential issue include:

1. 360 One Real Asset Advantage Fund: 25.80 lakh units
2. Larsen & Toubro Limited: 72.60 lakh units
3. LTIMindtree Limited: 32.30 lakh units

Utilization of Funds

The proceeds from this preferential issue are earmarked for various purposes:

• Debt repayment
• Equity contributions
• Capital expenditure
• Future growth opportunities

Impact on Sponsor Group Holding

Post-issue, the sponsor group's holding in Brookfield India REIT is expected to decrease from 26.45% to 25.12%.

Meeting Details

Financial Performance Update

In a related development, Brookfield India REIT recently announced its financial results for the quarter ended June 30, 2025. The company hosted an earnings call on August 4, 2025, to discuss these results. Investors can access the playback of this call until August 19, 2025, on the company's website.

Conclusion

This preferential issue represents a significant move for Brookfield India REIT, potentially strengthening its financial position and providing capital for future growth. Unitholders will have the opportunity to vote on this proposal at the upcoming extraordinary meeting, which could shape the REIT's trajectory in the coming years.

Investors and market watchers will be keenly observing the outcome of this meeting and its implications for Brookfield India REIT's future strategies and market position.