SBI MF, PPFAS back Brookfield India REIT's ₹3,500 cr QIP for Ecoworld acquisition

• Brookfield India REIT raised ₹3,500 crore through a Qualified Institutional Placement (QIP).
• The QIP was significantly oversubscribed, receiving bids exceeding ₹10,000 crore.
• Key participants in the QIP included SBI Mutual Fund, PPFAS, Kotak Mutual Fund, and LIC.
• Proceeds from the QIP will be used to acquire Ecoworld, a 48-acre office campus in Bengaluru.
• This acquisition will make Brookfield one of the largest REITs in India and Asia, with an operating portfolio exceeding 32 million sq ft.

Why It Matters: This acquisition makes Brookfield India REIT one of the largest in India and Asia.