Tag: Brookfield

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 […]

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 […]

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