Brookfield India Real Estate Trust stake in four Bharti Enterprises assets 

The acquisition by Brookfield India Real Estate Trust includes commercial properties totalling 3.3 millions. Brookfield India Real Estate Trust (BIRET) has signed binding agreements to acquries a 50% stake in fpour Grade A assests from Bharti Enterpries (Bharti).

The acquisition includes commerical properties totalling 3.3 million sqft at an entriprise value of Rs 60,000 millions. The total equity consideration for the 50% stake will be fulfilled through a preferential allotment of units in BIRET to Bharti at Rs 300 per unit. 

Bharti, will become the second largest unitholder in BIRET with an ownership stake of 8.53%. The protfolio of assets includes operating Worldmark assets at Aerocity New Delhi, a mixed-use proptery covering 1.4 millions sqft, Airtel Centre, the corporate facility of 700.00 sqft in North Gurugram, and Worldmark Gurugram a mixed use assest spanning over 700,00 sqft. 

Kotak Mahindra Capital Company acted as the financial advisor to BIRET Khaitan & Co and Shardul Amarchand Mangaldas represented BIRET as its legal counsels. 

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