Description

NSE admits additional units of Brookfield India Real Estate Trust (BIRET) allotted on QIP basis for trading effective April 23, 2026, with 80,495,356 units issued at Rs. 323 each.

Summary

NSE has admitted additional units of Brookfield India Real Estate Trust (symbol: BIRET) for trading on the Capital Market segment effective April 23, 2026. The units were allotted on a Qualified Institutional Placement (QIP) basis at an issue price of Rs. 323 per unit, with a total of 80,495,356 units listed under ISIN INE0FDU25010.

Key Points

  • 80,495,356 new units of Brookfield India Real Estate Trust admitted to NSE Capital Market segment
  • Symbol: BIRET, Series: RR, ISIN: INE0FDU25010
  • Issue price: Rs. 323 per unit
  • Date of allotment: April 22, 2026
  • Distinctive number range: 749,385,514 to 829,880,869
  • Units are pari passu with existing units; no lock-in applicable
  • Units initially credited under temporary ISIN (IN8*) in dematerialized form per SEBI circular CIR/MRD/DP/21/2012

Regulatory Changes

No new regulatory changes. The listing is in pursuance of Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, governing admission of new securities and lot sizes respectively.

Compliance Requirements

  • Trading members must identify the security only by its designated code (BIRET, Series RR)
  • Trading must be conducted in lot sizes as specified in the Annexure
  • ISIN activation follows SEBI circular nos. CIR/MRD/DP/21/2012 (August 2, 2012) and CIR/MRD/DP/24/2012 (September 11, 2012) for additional issue of securities

Important Dates

  • April 22, 2026: Date of allotment of QIP units
  • April 23, 2026: Effective date for trading of newly listed units on NSE

Impact Assessment

The listing of approximately 80.5 million additional BIRET units via QIP represents a significant capital raise for Brookfield India Real Estate Trust at Rs. 323 per unit (total ~Rs. 26 billion). Market participants can expect increased liquidity in BIRET post-listing. The QIP route indicates institutional investor interest. No disruption to existing trading is anticipated as the units are pari passu and carry no lock-in restrictions.

Impact Justification

Routine QIP-based listing of additional REIT units; significant in volume (80.5M units) but standard listing procedure with no regulatory changes.