Announced
Completed
Financials
Tags
India
Acquisition
tower trust
Private
Real Estate Services
Private Equity
Single Bidder
Friendly
Cross Border
Completed
Minority
Synopsis
Brookfield Infrastructure Partners and its affiliates completed the investment of $3.66bn in telecom tower assets of the Indian conglomerate. This multi-stage deal to acquire Reliance Jio lnfratel's tower unit marks it as the single-biggest private-equity deal ever in India. "Reliance Industrial Investments and Holdings, a wholly-owned subsidiary of Reliance Industries has entered into an agreement with BIF IV Jarvis India, an affiliate of Brookfield Asset Management Inc. for an investment by Brookfield (along with co-investors) of $3.66bn in the units proposed to be issued by the Tower Infrastructure Trust," the company said in a regulatory filing.
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