The Nifty Pharma index edged up 3 per cent, followed by gains in the Nifty PSB index (up 2.3 per cent), and the Nifty Pruvate Bank index (up 2 per cent)
The Rs 3,800 crore-IPO of the REIT will open on Wednesday
The Rs 3,800 crore-IPO of the REIT will open on Wednesday
The Real Estate Investment Trust (REIT) public issue will hit the capital market on Wednesday
Brookfield is an alternative asset manager
Bharti Realty's properties in the three WorldMark towers in Delhi Aerocity and another in Gurugram are part of the deal
The fibre optic unit, which was earlier part of Reliance Industries Limited's (RIL) subsidiary Reliance Jio, has a debt of Rs 87,296 crore, which includes suppliers' credit
The Canadian asset manager is acquiring 12.5 million square feet of rent-yielding offices and co-working spaces from RMZ Corp
Brookfield's proposal to launch REIT public issue for raising over Rs 4,000 crore augurs well for the future of India's office market, according to realty experts.
High interest rates, low-risk model key attractions for overseas investors
The REIT has a initial portfolio of 14 mn sq ft in Gurugram, Mumbai, Noida, Kolkata, mostly bought from Unitech Corporate Parks
The initiail public issue plans to raise Rs 4400 crore from investors and will be the third REIT offer after Embassy and Mindspace REITs
The Canadian asset manager is filing the Draft Red Herring Prospectus (DRHP), making it the third REIT to be listed in the country after Embassy Office Parks and Mindspace
Bankers expect bad debt worth $35 bn to be up for grabs, in addition to $110 bn already in the system; Blackrock, SBI Cap, Brookfield eyeing stressed assets
Mistrys say it's vindictive move aimed to delays fund raise; will jeopardise future of 60,000 employees and over 100,000 migrant workers
Global rivals go for joint ventures, plan to list investments by next year.
Future Supply Chain Solutions (FSC) is a third-party supply chain and logistics service provider that offers warehousing facilities also.
Mukesh Ambani, in August 2019, had said he wanted to make RIL a zero-debt company in 18 months by selling stakes in several businesses and unlocking value in some others
Brookfield is steadily building a credit portfolio in real estate. It has built a loan book of $1 billion in the past couple of years
Tower Infrastructure Trust, set up by Brookfield and RIL, had filed its prospectus just a few days before the Budget was announced