Brookfield will also become a co-promoter in IndoStar and nominate two board members. R Sridhar will continue to lead the company in his role as vice-chairman and CEO of IndoStar
In a tweet on Monday, the regulator said it "approves subscription of the units of Tower Infrastructure Trust by BIF IV Jarvis India Pte., British Columbia Investment Management and GIC Investors.
Brookfield owns 22 million square feet of office properties in India
Reliance Jio lnfratel has a portfolio of about 130,000 telecom towers that form the backbone of Reliance Jio Infocomm's network
Wadhwa group, one of the largest owners of office property in the BKC area, plans to float a REIT after onboarding an investor
It also has real estate funds with Brookfield of Canada, thus, becoming one of the first companies to start a trend of real estate company co-investing with a global fund manager
The PE fund's exposure is primarily focused on infra projects (where it invested $10 billion) and real estate (around $4 billion)
In the investment banking & markets cohort, HSBC was the highest recruiter, extending eight offers
Undertakes commercial project for Pune landlord
The source said Brookfield's offer to infuse fresh equity into the company would depend on the haircut to be taken by the banks
The one-time settlement offer was made after the company defaulted to Indian lenders in the March quarter
Though Swamy and Brookfield were in talks for a management buyout, this did not go through, sources said
Mytrah has a portfolio of 1.6 Gw in renewable energy assets across India, seeks investor to repay Rs 1,800 cr loan taken from Piramal Group in Sept 2017 to buy out its PE investors
Canadian Investor taps Bengaluru, Hyderabad, Pune for commercial deals
Two announcements in two weeks could be a coincidence as both were in the works and it can take 8-9 months to close a deal
The promoters of the Leela brand would also be transferring the brand to Brookfield for all hospitality businesses
Brookfield gets four hotels, property in Agra and hotel management contracts for the price; also has first right of refusal over Mumbai hotel
Files a preliminary placement memorandum
Oaktree is the second US alternative-asset manager to sell itself in recent years
Canadian asset management firm raised $15 bn; might pump funds into commercial real estate in the country