Business Standard

Brookfield in talks with Aditya Birla to buy its Real Estate Fund 1 assets

Bankers have approached the private equity firm, others to take over seven investments of the fund

Brookfield in talks with Aditya Birla to buy its Real Estate Fund 1 assets
Premium

Raghavendra Kamath Mumbai
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 29 2019 | 1:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com