Private Equity

PE-RE Fund Investments

Jhunjhunwala Trust backs Bagmane Prime Office REIT ahead of Rs.3,405 Cr IPO

Economic Times  

Bengaluru-based Bagmane Prime Office REIT has raised INR 1,150 crore from anchor investors, including the Jhunjhunwala Discretionary Trust, SBI Life, UTI Mutual Fund, Kotak Mahindra Mutual Fund, WhiteOak Capital Mutual Fund, Quant Mutual Fund, Max Life Insurance Company, and Tata AIG General Insurance Company. The institutional portion of the issue, amounting to INR 2,766 crore, includes a strategic book of INR 850 crore, allocated to investors such as the Jhunjhunwala trust, Axis Max Life, ICICI Prudential Pension, 360 One, and Star Health. Additionally, the company raised INR 1,360 crore through a pre-IPO placement.Bagmane Prime Office REIT owns a portfolio of six Grade A+ office parks across Bengaluru’s prime business districts, spanning 20.3 million sq ft, with a leasable area of 19.6 million sq ft. Its tenant roster includes Google, Amazon, Nvidia, and Samsung Electronics.