Brookfield India REIT IPO by Year End

Brookfield Asset Management Inc. is pushing to list a real estate investment trust in Mumbai before the end of this year, which could raise as much as 38 billion rupees ($513 million), according to people familiar with the matter. The Canadian asset manager has received good response from investors including sovereign wealth funds and pension managers at roadshows in the past two weeks. Brookfield plans to continue gauging investor demand for three more weeks before proceeding with a retail offer. While Brookfield is targeting to complete the offering by the end of the year, the deal could still be delayed if there’s any unexpected market volatility.