Brookfield-led team completes Rs 25,000 crore deal to buy out Reliance Jio's tower arm

Brookfield-led team completes Rs 25,000 crore deal to buy out Reliance Jio's tower arm

Brookfield and a group of investors including Singapore's sovereign wealth fund GIC had inked a deal with RIL in December 2019 and had been awaiting regulatory approval

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The multi-stage deal to acquire Reliance Jio's tower unit marks it as the single-biggest private-equity deal ever in IndiaThe multi-stage deal to acquire Reliance Jio's tower unit marks it as the single-biggest private-equity deal ever in India
BusinessToday.In
  • Sep 1, 2020,
  • Updated Oct 6, 2020 11:21 AM IST

Reliance Industries Ltd (RIL) announced on Tuesday that Canada-based Brookfield Infrastructure Partners LP and its institutional partners have bought its (Reliance Jio's) telecom tower assets for Rs 25,215 crore ($3.4 billion). The investment will be in the form of around Rs 105 crore in equity and the remainder as debt.

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Brookfield and a group of investors including Singapore's sovereign wealth fund GIC had inked a deal with RIL in December 2019 and had been awaiting regulatory approval.

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(With inputs from agency)

Reliance Industries Ltd (RIL) announced on Tuesday that Canada-based Brookfield Infrastructure Partners LP and its institutional partners have bought its (Reliance Jio's) telecom tower assets for Rs 25,215 crore ($3.4 billion). The investment will be in the form of around Rs 105 crore in equity and the remainder as debt.

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Brookfield and a group of investors including Singapore's sovereign wealth fund GIC had inked a deal with RIL in December 2019 and had been awaiting regulatory approval.

Also Read:

(With inputs from agency)

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