Brookfield India launches Rs 3,800-cr real esate investment trust IPO; price band fixed at Rs 274-275
The issue will open for subscription on 3 February and close on 5 February, and bids can be made for a minimum of 200 units and in multiples of 200 thereafter by bidders other than anchor investors
Reliance had earlier fixed 14 May as the record date for determining shareholders' eligible to apply for the issue.
RIL to divest Jio's tower assets to Canada's Brookfield for Rs 25,215 cr; proceeds to be used to repay financial liabilities of RJIPL
Under the deal, RIIHL, the sponsor of Tower Infrastructure Trust, would issue units in the trust to Brookfield affiliate BIF IV Jarvis India and some co-investors.
NCLT gives Hotel Leela two months' time to complete deal with Brookfield; asks hospitality firm to comply with new Sebi directives
Hotel Leelaventure counsel Ashish Pyasi of Dhir & Dhir Associates tendered a copy of the new Sebi order and sought two months to comply with the same
Sebi had received complaints from ITC and LIC—minority shareholders in Hotel Leela—alleging violations by promoters, JMF ARC in asset sale transactions
Mukesh Ambani-led Reliance Jio on Friday reported 45.6 percent rise in its net profit to Rs 891 crore for June quarter of 2019-20
Govt considers splitting GAIL, to hive off pipeline business into a separate entity, sell it to strategic investor
GAIL is India's biggest natural gas marketing and trading firm and owns more than two-thirds of the country's 16,234-km pipeline network, giving it a stranglehold on the market.
The promoters of Hotel Leelaventure and JM Financial ARC, which holds 26 percent in the bankrupt hotel group, on Wednesday told NCLT that ITC's bid to stall their deal with Brookfield is an attempt to wrest the control of the premium hotel chain through the back door
Hotel Leela sale row: ITC claims won't receive any value post-deal, seeks waiver of minimum shareholding norm
Earlier ITC and LIC, which owns 2 percent in Leela had moved the Sebi seeking to stay the deal with Brookfield
ITC moves NCLT against Hotel Leelaventure over Brookfield deal, alleges 'oppression and mismanagement'
ITC's current plea was mentioned before the Mumbai bench of the NCLT, which has posted the matter for hearing on Wednesday, Hotel Leelaventure said
Canadian investor Brookfield-led India Infrastructure Trust to buy RIL's East-West gas pipeline for Rs 13,000 cr
Canadian investor Brookfield-led India Infrastructure Trust (InVIT) has agreed to buy billionaire Mukesh Ambani's loss-making East-West gas pipeline for Rs 13,000 crore
RCom has entered into an agreement with Mukesh Ambani-led Reliance Jio and asset management firm Brookfield to sell telecom business assets.
The decline in private equity investment could reflect turbulence in the real estate sector, property consultancy Knight Frank said in its report.
RCom shares jump over 14% on buzz that debt-ridden company selling real estate assets to Canada's Brookfield
When contacted RCom declined to comment on development, while email query sent to Brookfield elicited no reply
As per of its asset monetisation plans, RCom has been working on finding investors or buyers for prime real estate assets in Navi Mumbai and New Delhi
Ericsson is aiming to recover 4.91 billion rupees from Reliance Communications, 5.35 billion from Reliance Infratel and 1.29 billion rupees from Reliance Telecom
Fire-sale in the event has come has manna from the heaven. It took some conscientious promoters to sell their group undertaking despite the fact that they constituted their crown jewels.
Industrialist Anil Ambani-led Reliance Communications has signed a "non-binding term sheet" with Brookfield Infrastructure Group, through which the latter would acquire all the tower assets of RCOM for an upfront cash payment of Rs 11,000 crore, a company statement said here on Friday.