PPFAS Asset Management Private Limited disclosed acquisition of 44,69,070 shares (0.60%) in Brookfield India Real Estate Trust through open market transactions on March 04, 2026. The acquisition increased PPFAS Mutual Fund's total holding from 6.86% to 7.46%, representing 5,58,83,588 shares. The disclosure was made under SEBI Takeover Regulations, with the REIT maintaining its equity capital at Rs. 74,93,85,513.
PPFAS Mutual Fund Increases Stake in Brookfield India REIT to 7.46%
PPFAS Asset Management Private Limited has disclosed a substantial acquisition of shares in brookfield india real estate trust under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition was made through PPFAS Mutual Fund schemes on March 04, 2026.
Transaction Details
The mutual fund acquired 44,69,070 shares through open market transactions, representing 0.60% of the total share capital. This strategic acquisition demonstrates PPFAS Mutual Fund's continued confidence in the real estate investment trust sector.
Parameter: Details Shares Acquired: 44,69,070 Acquisition Percentage: 0.60% Transaction Mode: Open Market Transaction Date: March 04, 2026
Shareholding Position
Following the acquisition, PPFAS Mutual Fund's total shareholding in Brookfield India Real Estate Trust has increased significantly. The fund now holds a substantial stake in the REIT, reflecting its investment strategy in the real estate sector.
Holding Period: Number of Shares Percentage (%) Before Acquisition: 5,14,14,518 6.86% Shares Acquired: 44,69,070 0.60% After Acquisition: 5,58,83,588 7.46%
Company Information
Brookfield India Real Estate Trust maintains its equity share capital at Rs. 74,93,85,513, consisting of 74,93,85,513 shares with a face value of Re. 1 per share. The REIT's shares are listed on both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
Regulatory Compliance
The disclosure was made by Ms. Priya Hariani, Chief Compliance Officer and Company Secretary of PPFAS Asset Management Private Limited, in accordance with regulatory requirements. PPFAS Mutual Fund operates through its schemes and does not belong to the promoter or promoter group of Brookfield India Real Estate Trust. The acquisition represents a strategic investment decision by the mutual fund in the real estate investment trust sector.
Brookfield India Real Estate Trust announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025, demonstrating robust operational and financial performance. The REIT reported significant year-over-year growth across key metrics while maintaining disciplined capital deployment through its fund utilization activities.
Strong Financial Performance in Q3FY26
The REIT delivered impressive financial results for the third quarter, showcasing substantial improvements across revenue, profitability, and distribution metrics:
Financial Metric: Q3FY26 Q3FY25 Growth (%) Revenue from Operations: ₹6,904.37 million ₹6,015.13 million +14.8% Total Income: ₹7,278.61 million ₹6,353.86 million +14.6% Net Profit After Tax: ₹2,012.21 million ₹234.27 million +759.0% Distribution Per Unit: ₹5.40 ₹4.90 +10.2% Earnings Per Unit: ₹2.71 ₹0.63 +330.2%
Nine-Month Performance Highlights
For the nine months ended December 31, 2025, the REIT maintained strong momentum with total income reaching ₹20,754.37 million compared to ₹18,277.69 million in the corresponding period last year. Net profit after tax surged to ₹4,829.01 million from ₹813.31 million, representing a remarkable 494% increase year-over-year.
Key Financial Ratios and Metrics
The REIT's financial health indicators reflect strong operational efficiency and improved capital structure:
Key Ratios: Q3FY26 Q3FY25 Operating Margin: 72.82% 73.30% Net Profit Margin: 27.65% 3.69% Debt-Equity Ratio: 0.85 times 0.72 times Interest Service Coverage: 2.48 times 1.47 times Net Operating Income: ₹5,403.97 million ₹4,744.51 million
Distribution and Cash Flow Management
The Board of Directors declared a distribution of ₹5.40 per unit for Q3FY26, aggregating to ₹4,046.68 million with a distribution payout ratio of 99.9%. The distribution comprises ₹1.59 per unit as interest payment, ₹2.60 per unit as debt repayment, ₹0.94 per unit as dividend, and ₹0.27 per unit as interest on fixed deposits.
Fund Utilization Compliance
The REIT also submitted quarterly statements confirming no deviations in fund utilization across multiple institutional placements for the quarter ended December 31, 2025:
Fund Raising Activity: Amount Status QIP-2023: ₹23,053,590,622.50 No Deviation QIP-2024: ₹35,000 million No Deviation QIP-2025: ₹35,000 million No Deviation Preferential Issue-2025: ₹10,000,000,150 No Deviation
All funds were deployed according to their designated purposes, including strategic acquisitions, debt optimization, and the Ecoworld Acquisition, demonstrating the REIT's disciplined approach to capital allocation and regulatory compliance.
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