Brookfield Corp sells 5.13% unit holding in BIRET for Rs 883 crore

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The story "Brookfield Corp sells 5.13% unit holding in BIRET for Rs 883 crore" was covered 17 hours ago by Business Standard, a news publisher based in India.

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Brookfield Corp sells 5.13% unit holding in BIRET for Rs 883 crore - Business Standard

Quick Summary:

According to the bulk deal data on the BSE, Brookfield through its two affiliates -- BSREP India Office Holdings Pte and BSREP India Office Holdings IV Pte, part of the sponsor group of BIRET -- sold nearly 3.12 crore units or 5.13 per cent unit holding in Mumbai-based REIT.

US-based Brookfield Corp on Tuesday divested a 5.13 per cent unit holding in Brookfield India Real Estate Trust (BIRET) for Rs 883 crore through open market transactions.

Brookfield India Real Estate Trust is a 100 per cent institutionally managed office REIT (Real Estate Investment Trust), sponsored by Brookfield Asset Management, one of the world's largest alternative asset managers.