Liquidity Events
Brookfield sells 5.13% holding in real estate trust BIRET for Rs.883-Cr
US-based Brookfield Corp has divested a 5.13 % unit holding in New Delhi-headquartered Brookfield India Real Estate Trust (BIRET) at INR 283-283.04 per unit for INR 883 crore through open market transactions.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 in the Mumbai-based REIT. After the sale, Brookfield's unit holding has come down to over 26% but it will remain the largest unitholders in BIRET.Meanwhile, 360 ONE Portfolio Managers and 360 ONE Prime together picked up 1.18 crore units, amounting to a 1.94 % unit holding in BIRET.
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