Brookfield Asset Management consolidates in India with two deals

Hotels, gas pipeline, real estate. Canadian investment firm Brookfield Asset Management seems to be on a deal-making spree in India. Last week, an investment trust led by Brookfield bought RIL's East West Pipeline for Rs 13,000 crore ($1.87 billion). On Monday, it announced the Rs 3,950-crore deal to acquire five assets Hotel Leela Venture. 

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. ‘‘They are optimistic about India, and see value,'' says the CEO of a large infrastructure fund. It's not just