Brookfield India Real Estate Trust plans to raise up to Rs.35 billion
Real Estate

Brookfield India Real Estate Trust plans to raise up to Rs.35 billion

Brookfield India Real Estate Trust (BIRET) is planning to raise up to Rs 35 billion to fund its proposed acquisition of two commercial properties. BIRET intends to raise the funds through the issuance of units to institutional investors or through preferential allotment of units. BIRET and Sing...

Brookfield India Real Estate Trust (BIRET) is planning to raise up to Rs 35 billion to fund its proposed acquisition of two commercial properties. BIRET intends to raise the funds through the issuance of units to institutional investors or through preferential allotment of units. BIRET and Singapore's sovereign wealth fund GIC announced a partnership to acquire two commercial properties in India for Rs 112.25 billion. To finance these acquisitions, BIRET proposed an institutional placement of up to Rs 35 billion, with the possibility of considering other fundraising methods such as preferential allotment of units.The board of the manager of the REIT has approved an enabling resolution to raise the funds, subject to unit holder approval. The proposed institutional placement is expected to raise Rs 34 billion specifically for the asset acquisitions. This fundraising initiative will enable BIRET to finance its acquisition plans and further strengthen its portfolio of commercial properties in India.

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Infrastructure Energy

SWELECT Secures 150 MW Solar Orders

SWELECT Energy Systems, a leading player in India’s renewable energy sector, has secured orders exceeding 150 MW for its high-efficiency TOPCon Bi-facial solar PV modules. These orders highlight the company’s technological leadership and strong market credibility.SWELECT maintains a 100 per cent success rate in module testing, with every unit passing TÜV and accredited lab evaluations on the first attempt. Additionally, the modules, backed by third-party reinsurance, are undergoing Extended Reliability Testing (ERT) to ensure long-term performance.In a major financial move, SWELECT has ra..

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Infrastructure Energy

SWELECT Secures 150 MW Solar Orders

SWELECT Energy Systems, a leading player in India’s renewable energy sector, has secured orders exceeding 150 MW for its high-efficiency TOPCon Bi-facial solar PV modules. These orders highlight the company’s technological leadership and strong market credibility.SWELECT maintains a 100 per cent success rate in module testing, with every unit passing TÜV and accredited lab evaluations on the first attempt. Additionally, the modules, backed by third-party reinsurance, are undergoing Extended Reliability Testing (ERT) to ensure long-term performance.In a major financial move, SWELECT has ra..

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Infrastructure Energy

NTPC Green, NTPC Rise on Rs 960 Bn Clean Energy Plan in Chhattisgarh

NTPC and its subsidiary, NTPC Green Energy (NGEL), saw an upward trend in their share prices on Tuesday following the announcement of a substantial investment plan in Chhattisgarh’s clean energy sector. NTPC shares recovered from initial losses to gain nearly 0.2 per cent, while NGEL surged by approximately 1.5 per cent during intraday trading. The company formalised its commitment to renewable energy expansion by signing multiple agreements with the Chhattisgarh government at the Chhattisgarh Energy Investors Summit-2025, held in Raipur. The total investment is estimated at Rs 960 billion..

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