Blackstone-backed Bagmane Prime Office REIT’s files DRHP for ₹4,000 cr IPO to fund 2 major acquisitions
Blackstone and Bagmane Group-backed Bagmane Prime Office REIT is planning to hit the public markets for its IPO debut with a ₹4,000 crore Real Estate Investment Trust (REIT) issue. The IPO will be a mix of fresh issue and an offer for sale (OFS). The OFS component will comprise ₹1,000 crore, while the fresh issue will be ₹3,000 crore.The net proceeds will be utilised towards acquiring Luxor at Bagmane Capital Tech Park (spanning one million sq ft) for ₹1,775 crore. Additionally, up to ₹1,025 crore is planne ...