Investor Presentaiton
Doubling Tax-free Distributions
Brookfield
India Real Estate Trust
In line with our thinking, we have taken steps to enhance the tax efficiency of our distributions
and make it more appealing for a wider variety of investors
G2+K1 OWNERSHIP AT IPO
100%
Brookfield
India Real Estate Trust
FY22 NDCF
% TAX FREE, AT IPO
FY22 NDCF
% TAX FREE, POST CONVERSION
15%
CCDs
12% Compulsorily
Convertible Debentures;
Rs 10,100M face value
(converted to shares
effective April 1, 2021)
Doubling the tax-free
component
Key highlights of the conversion
Shares
Candor Kolkata
(G2+K1 SPV)
30%+
.
Effective April 1, 2021
•
Neutral to corporate tax outflow for the medium term (~4 yrs)
•
Interest of Rs 1,212M p.a. (taxed at marginal rate), will be reclassified to
repayment of capital going forward (tax-free)
We estimate > 30% of NDCF being tax free in the hands of investors starting April 1, 2021.
Further, future growth in distributions will further enhance the tax-free percentage
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