NOVEMBER, 20258TOP STORIESTOP STORIESBROOKFIELD REIT TO BUY BENGALURU OFFICES FOR 13,125 CRSAEL INDUSTRIES FILES 4,575 CR IPO FOR GREEN ENERGY GROWTHBrookfield India Real Estate Trust (BIRET) announced on Tuesday its intention to acquire 7.7 million square feet of commercial properties in Bengaluru for 13,125 crore as part of its business expansion plans.This transaction will be classified as a related party transaction and is intended to be conducted on an arm's length basis, according to the company.In a regulatory filing made on Tuesday, the company disclosed that the Board of Directors of Brookprop Management Services Pvt Ltd, which manages BIRET, has approved the acquisition of up to 100 percent of the issued and paid-up equity share capital of Arliga Ecoworld Business Parks Pvt Ltd at a purchase price of 1,31,250 million from the current shareholder of Ecoworld SPV. The current shareholders of Ecoworld SPV include BSREP III New York FDI I (DIFC) Ltd (along with its nominee, BSREP III New York II (DIFC) Limited), which are part of the Brookfield group."Building on our strong inorganic growth track record, we announced the proposed acquisition of Ecoworld, which is a 48-acre, 7.7 million square feet office campus located on the Outer Ring Road in Bengaluru," said Alok Aggarwal, the chief executive officer and managing director of Brookfield India Real Estate Trust."This acquisition will mark our entry into one of India's strongest office markets, expanding the size of our REIT by over 30 percent and positioning us as a truly pan-India platform."Our embedded growth prospects remain strong with continued leasing momentum, making us well-positioned to deliver value to our unit holders," he added. and an offer for sale (OFS) worth 825 crore by investor Norfund, according to its Draft Red Herring Prospectus (DRHP).The company may also consider a pre-IPO placement of up to 750 crore, which could reduce the size of the fresh issue. SAEL plans to use around 2,812.5 crore from the IPO proceeds to invest in its subsidiaries SAEL Solar P5 Pvt Ltd and SAEL Solar P4 Pvt Ltd for repayment or prepayment of loans. The rest will go towards general corporate purposes.With end-to-end capabilities spanning solar module manufacturing, engineering, construction, and project maintenance, SAEL Industries continues to expand its clean energy footprint. As of September 30, 2025, its total contracted and awarded capacity stood at 5,765.70 MW, including 5,600.70 MW in solar projects and 164.90 MW in agri waste-to-energy projects. The company also boasts 3,625 MW of TopCon solar module manufacturing capacity.Through 11 biomass plants in Punjab, Haryana, and Rajasthan, SAEL converts nearly 2 million tonnes of crop waste annually, producing 165 MW of green energy. This not only cuts air pollution but also supports rural livelihoods. The IPO will be managed by Kotak Mahindra Capital, JM Financial, Ambit, and ICICI Securities. SAEL Industries, a leading renewable energy company turning agricultural waste into clean power, has filed draft papers with SEBI to raise 4,575 crore through an Initial Public Offering (IPO).The issue includes a fresh share sale of 3,750 crore
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