Brookfield

Company elevates Chief Risk Officer K Srinivasan as CEO

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.

Agrochemical major UPL on Friday announced a strategic corporate realignment in which ADIA, Brookfield, KKR and TPG will separately invest Rs 4,040 crore (USD 500 million) for minority stakes in its pure-play business platforms. Abu Dhabi Investment Authority (ADIA), Brookfield and TPG will invest Rs 1,580 crore (USD 200 million) for a 9.09 per cent stake in Agri-tech Platform UPL SAS at an equity valuation of Rs 17,380 crore (USD 2.2 billion), UPL said in a statement. KKR will invest USD 300 million (Rs 2,460 crore) for a 13.33 per cent stake 'Advanta Enterprises - Global Seeds Platform' at an equity valuation of USD 2.25 billion (Rs 18,450 crore). ADIA and TPG will hold a 22.2 per cent stake in UPL Cayman, which will be the Global Crop Protection Platform (ex-India), according to the statement. The financial details of the deal were not disclosed. These investments are independent transactions for which separate agreements have been agreed pursuant to negotiations between each of

The move comes after US President Joe Biden earlier this month signed the CHIPS and Science Act into law, which included provision of $52.7 bn in subsidies for U. semiconductor production and research

Private equity-backed company losses have raised concerns about its stability

India-based infra company Indinfravit is currently obtaining five Indian road projects from Canada-based major construction company Brookfield for a whopping $1.2bn

The units will be issued at a price not less than the rate to be determined in accordance with Sebi's guidelines for REIT

The financiers of Indo-Star Capital Finance include State Bank of India, HDFC Bank, and ICICI Bank, according to the Annual Report for FY21

The Adelaide-based residential broadband provider said on Thursday it had agreed to a deal at A$5 per share

The purchase announced on Thursday gives the private equity firm a strong foothold in an industry estimated to reach $29.3 billion by 2026

Brookfield, a private real estate fund, will purchase a 51 per cent stake from Bharti Enterprises of four properties totalling 3.3 million square feet

The proposed investment, which values the hived off entity at Rs 8,000 crore, will be carried out through Brookfield's Special Investments programme and with its institutional partners

Announces a planned distribution of Rs 150 crore (Rs 5.00 per unit) this quarter, with 34 per cent of distributions tax free for unit holders

The non-banking financial company (NBFC) expects to grow loan book 4-5 times and also enter financing of used cars and tractors as part of its medium-term strategy

Brookfield has declared a Rs 180-crore dividend payout for the September quarter, taking its total profit distribution to Rs 390 crore since listing in February

This is one of the biggest office leasing deals in the technology space in recent years

The JV would expand Brookfield Infrastructure's global data infrastructure portfolio, which includes $23 billion in assets across data transmission, distribution and storage

Real estate experts said the price paid by Brookfield is in line with the market

The venture will expand Brookfield Infra's global data portfolio of $23 billion in assets across data transmission, distribution and storage, and 139,000 telecom wireless towers India

Pandemic-led growth challenges, higher debt and valuations could cap near-term gains