Brookfield-led team completed the investment in $3.7bn in Reliance Jio's tower unit.

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.