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.
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.
The units were disposed of in the price range of Rs 283-283.04 per unit, taking the combined transaction value to Rs 883 crore.
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.
Meanwhile, 360 ONE Portfolio Managers and 360 ONE Prime together picked up 1.18 crore units, amounting to a 1.94 per cent unit holding in BIRET.
The units were purchased at an average price of Rs 283 a