Brookfield Reit declares Rs 170 crore payout in Q4, Rs 690 crore for FY22
NEW DELHI: Brookfield India Real Estate Trust (Biret), the only 100 per cent institutionally-managed Reit in the country, on Wednesday announced Rs 170 crore or Rs 5.10 per unit dividend for the March quarter, taking the total cumulative payout to Rs 690 crore or Rs 22.10/unit for the full fiscal 2022. The company said it […]
Brookfield pumps in Rs 2,000 crore into Jindal Poly Films’ packaging films unit
NEW DELHI: Jindal Poly Films has signed a pact with Brookfield Asset Management to sell 25 per cent stake in its packaging films business that will be hived off as a separate unit as part of the Rs 2,000-crore transaction. The proposed investment, which values the hived off entity at Rs 8,000 crore, will be […]
RMZ Corp inks $2 billion deal with Brookfield
NEW DELHI: India’s largest privately-owned real estate investment, development and management firm, RMZ Corp today announced the sale of 12.5M SF of 67M SF (circa 18%) of their Real Estate assets to a fund managed by Brookfield Asset Management, for US$2 billion. The deal marks the largest-ever deal in the Indian Real Estate industry. The […]
CCI approves acquisition of RMZ’s commercial assets portfolio by Brookfield
NEW DELHI: Fair trade regulator Competition Commission of India (CCI) on Tuesday approved the acquisition of realty firm RMZ’s commercial assets portfolio and co-working business by global investment firm Brookfield. According to the information filed with the regulator, the deal involves the acquisition of certain real estate projects housed in RMZ Infotech, RMZ Galleria (India), […]
Brookfield completes Rs 25,215 crore tower deal with RJio
NEW DELHI: Brookfield Infrastructure along with its partners have completed the acquisition of Reliance Jio’s telecom tower assets with an investment of Rs 25,215 crore as the transaction has received all the regulatory approvals. The development comes after the Department of Telecommunications in August approved the deal. “The aforesaid transaction has been completed after obtaining […]
DoT nod for Rs 25,000 crore RJio-Brookfield tower deal
NEW DELHI: The Department of Telecommunications (DoT) has approved the Rs 25,215 crore deal between Reliance Jio (RJio) and Brookfield Infrastructure. A SEBI filing said: “The DoT through its letter dated August 11, 2020 has approved Rs 1,053.50 million downstream foreign investment for acquisition of the remaining 49 per cent of the paid-up equity share […]
Brookfield to invest Rs 25,215 crore in Reliance’s telecom tower arm
NEW DELHI: Canadian investment firm Brookfield Asset Management will invest Rs 25,215 crore in a trust that controls Reliance Industries’ telecom tower infrastructure assets, said the two companies on Friday. This is the second investment this year that Brookfield is making in a venture controlled by Reliance chairman Mukesh Ambani. In March, it had agreed […]
Hotel Leela Venture to sell hotels, property to Brookfield for Rs 3,950
NEW DELHI: Hotel Leela Venture will sell four of its hotels and a property to a fund sponsored by Canada’s Brookfield Asset Management for Rs. 3,950 crore ($576.41 million), as part of its restructuring, it said on Monday. The company will sell four Leela hotels at Bengaluru, Chennai, Delhi and Udaipur and its property in […]
Leela promoters curious over ‘sale’ of hotel group
NEW DELHI: In a curious tale of a transaction taking place without the owner’s knowledge, embattled Hotel Leela Ventures Company Secretary Alen Fernes wrote to both NSE and BSE surveillance departments on February 12 saying “We wish to clarify that the company in consultation with lenders is evaluating various options and there is no binding […]
Fresh twist in Leela sale saga, headed for NCLT
NEW DELHI: The Leela Hotels acquisition by various suitors has taken a turn for the worse. JM Financial has reportedly filed a suit in the National Companies Law Tribunal (NCLT) last Thursday against the Nair brothers Vivek Nair (Guarantor) and Dinesh Nair (Guarantor) on the basis of a legal notice issued by Khaitan and Co […]