 "Brookfield in talks with Aditya Birla to buy its Real Estate Fund 1 assets")
Canada-based Brookfield Asset Management is in talks with Aditya Birla Sunlife Asset Management Company to buy the investments of Aditya Birla Real Estate Fund 1, which is into liquidation, say sources.
The fund’s bankers have approached Brookfield to take over the seven investments of the fund. Brookfield is evaluating it, said the sources. One said the bankers had approached other investors, too.
The fund did 13 investments. It has fully exited four and did a partial exit in one.
Mails sent to Aditya Birla Capital did not elicit a response. Brookfield declined to comment on the matter.
Aditya Birla Sunlife Asset Management Company launched
