Page 3 - Brookfield

Brookfield India Real Estate Trust plans to raise up to Rs 3,500 cr

Brookfield India Real Estate Trust plans to raise up to Rs 3,500 crore through issues of units to institutional investors or preferential allotment of units, mainly to fund its proposed acquisition of two commercial properties. Last month, Brookfield India Real Estate Trust (BIRET) and Singapore's sovereign wealth fund GIC had announced an equal partnership to acquire two commercial properties in India for Rs 11,225 crore. The company had proposed to fund the acquisitions through an institutional placement of up to Rs 3,500 crore and said it might also consider other forms of fund raising, including preferential allotment of units. According to sources, Brookfield India Real Estate Trust has started the process to raise funds. When contacted, BIRET spokesperson said that the board of the manager of the REIT has approved an enabling resolution to raise up to Rs 3,500 crore through institutional placement, which is subject to unitholder approval. Of this, Rs 3,400 crore is proposed t

BIRET-GIC to acquire 2 assets from Brookfield funds for $1.4 billion

This is a first-of-its-kind partnership In India between a listed REIT (real estate investment trust) and a global institutional investor

PTC inks pact with Brookfield Renewables to purchase 100 MW solar power

Power trading solutions provider PTC India on Tuesday said it has signed an agreement with Brookfield Renewables for purchase of 100 MW solar power on a long term basis. Brookfield Renewables is developing a 400 MW solar power project in Bikaner solar park in Rajasthan. "PTC India has executed a Memorandum of Understanding (MoU) with Brookfield Renewables for purchase of 100 MW solar power on a long-term basis," PTC India said in a release. The agreement includes an option to increase the power capacity to 200 MW at the time of project commissioning based on mutual confirmation by the two parties. PTC India will market the power to various utilities and commercial and industrial consumers. Under this arrangement, PTC India will provide Brookfield Renewables with an assured tariff and payment security. "This structure, executed with Brookfield is the first of its kind in the Indian power market... We will scale this structure and replicate it in multiple transactions going forwar

Brookfield weighing stake sale in Indian tower business, says report

Brookfield and its institutional partners completed their acquisition of the telecom tower unit of billionaire Mukesh Ambani's Reliance Industries Ltd. for about $3.4 billion in 2020

ATC seeks to sell majority a stake, open to 100% sale and exit India

ATC, the US tower company is said to have re-engaged with Canada's Brookfield, which is considering a full buyout, people privy to the matter said

Brookfield to invest $1 bn in Avaada Group to fund green hydrogen project

Avaada currently operates a renewable energy portfolio of 4 gigawatt (GW) with plans to reach 11 GW by 2026

IndoStar Capital Chief Executive Deep Juggi quits after short stint

Company elevates Chief Risk Officer K Srinivasan as CEO

ADIA, KKR, Brookfield to invest in UPL companies as restructuring move

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.

ADIA, Brookfield, KKR to invest Rs 4k cr in UPL's pure-play biz platforms

Agrochemical major UPL on Friday announced a strategic corporate realignment in which ADIA, Brookfield, KKR and TPG will separately invest Rs 4,040 crore (USD 500 million) for minority stakes in its pure-play business platforms. Abu Dhabi Investment Authority (ADIA), Brookfield and TPG will invest Rs 1,580 crore (USD 200 million) for a 9.09 per cent stake in Agri-tech Platform UPL SAS at an equity valuation of Rs 17,380 crore (USD 2.2 billion), UPL said in a statement. KKR will invest USD 300 million (Rs 2,460 crore) for a 13.33 per cent stake 'Advanta Enterprises - Global Seeds Platform' at an equity valuation of USD 2.25 billion (Rs 18,450 crore). ADIA and TPG will hold a 22.2 per cent stake in UPL Cayman, which will be the Global Crop Protection Platform (ex-India), according to the statement. The financial details of the deal were not disclosed. These investments are independent transactions for which separate agreements have been agreed pursuant to negotiations between each of

Intel, Brookfield to invest up to $30 bn in Arizona chip factories

The move comes after US President Joe Biden earlier this month signed the CHIPS and Science Act into law, which included provision of $52.7 bn in subsidies for U. semiconductor production and research

IndoStar Capital considers selling stake in housing finance unit

Private equity-backed company losses have raised concerns about its stability

IndInfravit to buy 5 Indian road projects from Brookfield in $1.2 bn deal

India-based infra company Indinfravit is currently obtaining five Indian road projects from Canada-based major construction company Brookfield for a whopping $1.2bn

Brookfield India REIT proposes to raise up to Rs 5,000 cr via sale of units

The units will be issued at a price not less than the rate to be determined in accordance with Sebi's guidelines for REIT

Loan portfolio lapses cloud growth plans of IndoStar Capital Finance

The financiers of Indo-Star Capital Finance include State Bank of India, HDFC Bank, and ICICI Bank, according to the Annual Report for FY21

Brookfield-led group nears $2.7-billion Australian firm Uniti takeover

The Adelaide-based residential broadband provider said on Thursday it had agreed to a deal at A$5 per share

Brookfield to buy automotive software maker CDK Global for $6.41 billion

The purchase announced on Thursday gives the private equity firm a strong foothold in an industry estimated to reach $29.3 billion by 2026

Brookfield, Bharti enter into real estate JV with Rs 5,000-cr deal

Brookfield, a private real estate fund, will purchase a 51 per cent stake from Bharti Enterprises of four properties totalling 3.3 million square feet

Brookfield pumps in Rs 2k cr into Jindal Poly Films' packaging films unit

The proposed investment, which values the hived off entity at Rs 8,000 crore, will be carried out through Brookfield's Special Investments programme and with its institutional partners

Brookfield REIT's net drops 12% to Rs 60 cr in Q3, revenue down 8%

Announces a planned distribution of Rs 150 crore (Rs 5.00 per unit) this quarter, with 34 per cent of distributions tax free for unit holders

Brookfield-backed IndoStar Capital Finance eyes 800 branches in four years

The non-banking financial company (NBFC) expects to grow loan book 4-5 times and also enter financing of used cars and tractors as part of its medium-term strategy