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

- 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.
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.
(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.
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.
(With inputs from agency)