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Bloomberg
Brookfield Asset Management Inc has picked banks for an initial public offering of its India real estate investment trust that could raise at least $500 million, according to people familiar with the matter.
The Canadian asset manager has selected Bank of America, Citigroup and Morgan Stanley to arrange the REIT offering, said the people, who asked not to be identified as the information is not public. A listing on the Mumbai stock exchange could happen as soon as the end of this year, the people said.
Brookfield held discussions on the potential IPO of its commercial real estate assets in India since late last year, Bloomberg News reported.