Bagmane Prime Office REIT sponsor holds 82.81% in Q1FY26
Bagmane Prime Office REIT's unitholding pattern for Q1FY26 shows the sponsor group holding 82.81% of total units, with Bagmane Realty and Infrastructure LLP as the largest holder. Public investors hold 17.19%, led by institutional investors such as BREP Asia III India Holding Co VIII Pte. Ltd. and NPS Trust.
*this image is generated using AI for illustrative purposes only.
Bagmane Prime Office REIT has disclosed its unitholding pattern for the quarter ended June 30, 2026, revealing a concentrated ownership structure. The sponsor and sponsor group collectively hold 82.81% of the total outstanding units, while public investors hold the remaining 17.19%. The total outstanding units for the REIT stand at 3,40,00,00,000.
The filing was submitted to the National Stock Exchange of India Limited and BSE Limited in accordance with Clause 4.13 of Chapter 4 of Master Circular No. SEBI/HO/DDHS-PoD2/P/CIR/2025/99 dated July 11, 2025. Venkatesh Ranganath P, Company Secretary and Compliance Officer, signed the disclosure on behalf of Bagmane Prime Office REIT, acting through its Investment Manager, Bagmane Realty Investment Manager Private Limited.
Sponsor and Sponsor Group Holdings
The sponsor group, comprising Indian individuals and bodies corporates, holds 2,81,55,34,147 units, representing 82.81% of the total outstanding units. All units held by the sponsor group are mandatorily held, with no units pledged or encumbered.
Bagmane Realty and Infrastructure LLP is the primary sponsor, holding 2,69,46,33,237 units, which accounts for 79.25% of the total outstanding units. The sponsor group includes Akruthi Infra Build Developers Private Limited, Raja Bagmane, and Nagamani Raja.
| Sponsor / Sponsor Group Entity | No. of Units Held | As a % of Total Outstanding Units |
|---|---|---|
| Bagmane Realty and Infrastructure LLP | 2,69,46,33,237 | 79.25 |
| Akruthi Infra Build Developers Private Limited | 11,84,39,168 | 3.48 |
| Raja Bagmane | 12,30,871 | 0.04 |
| Nagamani Raja | 12,30,871 | 0.04 |
| Total Sponsor Group | 2,81,55,34,147 | 82.81 |
Public Holding Breakdown
Public holding constitutes 58,44,65,853 units, or 17.19% of the total outstanding units. Institutional investors hold the majority of the public stake at 10.44%, while non-institutions hold 6.75%.
Within the institutional category, Bodies Corporates (Foreign Body) hold the largest share at 3.18%, followed by Insurance Companies at 1.76% and Mutual Funds at 1.54%. Among non-institutions, Individuals hold 3.89% of the total outstanding units.
| Category | Sub-Category | No. of Units Held | As a % of Total Outstanding Units |
|---|---|---|---|
| Institutions | Mutual Funds | 5,23,74,549 | 1.54 |
| Financial Institutions/Banks | 85,38,920 | 0.25 | |
| Insurance Companies | 5,99,73,006 | 1.76 | |
| Provident/pension funds | 2,68,14,494 | 0.79 | |
| Foreign Portfolio Investors | 1,28,40,132 | 0.38 | |
| Bodies Corporates (Foreign Body) | 10,79,65,854 | 3.18 | |
| Alternative Investment Fund | 8,64,41,477 | 2.54 | |
| Sub-Total (Institutions) | 35,49,48,432 | 10.44 | |
| Non-Institutions | Individuals | 13,21,66,439 | 3.89 |
| NBFCs registered with RBI | 612 | - | |
| Trusts | 50,378 | - | |
| Non-Resident Indians | 18,00,036 | 0.05 | |
| Bodies Corporate | 9,54,99,956 | 2.81 | |
| Sub-Total (Non-Institutions) | 22,95,17,421 | 6.75 | |
| Total Public Holding | 58,44,65,853 | 17.19 |
Top Unitholders
Excluding the sponsor and sponsor group, BREP Asia III India Holding Co VIII Pte. Ltd. is the largest unitholder with 10,79,65,854 units, representing 3.18% of the total outstanding units. NPS Trust follows with 2,68,14,494 units (0.79%), and 360 One Real Assets Development Fund holds 2,38,70,000 units (0.70%).
Historical Stock Returns for Bagmane Prime Office REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.26% | +0.74% | +1.55% | +1.74% | +1.74% | +1.74% |
Will the high sponsor concentration of 82.81% impact the liquidity and trading volume of the REIT units on the exchanges?
Are there any upcoming plans by the sponsor to divest a portion of their stake to increase public float and comply with future minimum holding norms?
How might the REIT's distribution policy be influenced by the current dominance of the sponsor group versus public investor expectations?
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