Brookfield India REIT Discloses Use of Proceeds for QIPs
Brookfield India Real Estate Trust REIT has filed a disclosure regarding the use of proceeds from its Institutional Placement of Units (QIP) in 2023, 2025, and 2026. The report, covering the quarter ended June 30, 2026, indicates no deviations or variations in the utilization of funds raised. Specifically, for the QIP-2023, funds totaling ₹23,053.60 million were raised, with ₹21,896.76 million allocated to the funding acquisition of Kairos Properties Private Limited and Candor Gurgaon One Realty Projects Private Limited. General purposes and issue-related expenses also had allocated funds. The statements enclosed as Annexures I, II, and III confirm that the funds were utilized in line with the placement documents, with no significant variances reported for the specified quarter.
Key Highlights
- Brookfield India REIT reports on QIP fund utilization for 2023, 2025, 2026.
- No deviations or variations in fund use reported for the quarter ended June 30, 2026.
- QIP-2023 funds primarily used for acquiring Kairos and Candor G1.
- Total funds raised in QIP-2023 amounted to ₹23,053.59 million.
- Utilized funds align with stated objectives in placement documents.
Price Impact
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