Before this elevation, Ranjan was President of Brookfield’s Private Equity business and Global Head of Business Development
The properties being purchased are in Gurugram's Candour TechSpace and Powai's Hiranandani Gardens, according to the regulatory filing.
The 3.3 million square feet deal involves Bharti Enterprises’ four assets in Delhi, Gurugram and Punjab, with Brookfield taking a controlling 51 percent stake in these properties
The investment could be in either Greenko Energy Holdings (GEH) or Greenko Zero C, and could stretch up to $1.25 billion
Sabhnani, a chartered accountant, has nearly 23 years of experience in the industry and has had previous stints at Kotak Mahindra Capital, Edelweiss Capital, UTI Securities and RSM & Co.
The consortium, which includes Elliott Management's private equity unit and Brookfield Asset Management, in March offered to pay $28 a share for the TV rating firm.
Apart from Brookfield Asset Management, several other global and domestic institutional investors had shown initial interest in the IL&FS's headquarters in Mumbai.
The Indian packaging industry has seen a lot of M&A action since private equity fund Advent International offered an exit to Kedaara Capital and purchased a controlling stake in Manjushree Technopak in 2018
The investment is for five residential projects under development in South India with a total developable area of around 6.5 million sq ft.
If the deal fructifies, it would mark the second one struck in the solar power segment between Brookfield and an Indian conglomerate. The Canadian investment firm had acquired Emami Power last year.
RMZ Corp will sell 12.5 m sq ft of its 67 m sq ft real estate assets to fuel its hyper-growth strategy
The plan is to launch the IPO by end 2020 or early 2021. It will be a combination of fresh issue and offer for sale
The strong backing of one of the largest global private equity firms has considerably improved the company’s growth prospects
The discussions on the REIT IPO have been underway since 2019, and the sources said that specifics such as timeline, offer size, and number of banks involved could still change
Earlier this month, the National Company Law Tribunal had allowed Jet to sell its premises at the Bandra Kurla Complex to settle the Rs 360 crore dues of HDFC, clear overseas debt and cover corporate insolvency resolution process costs.
When contacted, Emami Group confirmed the transaction. Emami Power is not linked directly to the listed flagship firm Emami Ltd and is a unit belonging to the promoter group.
As banks are unlikely to take a steep haircut on their Rs 10,300 crore exposure, an informal deal with Brookfield seems to be off the table
Scotland-based hotelier Narang, who owns popular restaurants such as Pizza by the Bay and Eat Around the Corner, besides hotel properties, The Gordon House and Rokeby Manor, has been looking to sell the asset at Sahar Road in Andheri East for the past seven to eight years.
Canadian investment firm Brookfield Asset Management is known for its unique contrarian philosophy
Brookfield, which has turned active in India, is well known for its differentiated contrarian strategy that earned it several multi-bagger investments
According to sources, the newly merged telecom giants are in talks with Brookfield and ATC for sale of its telecommunications infrastructure. While the companies are running separate sale processes, the assets could be sold to a single buyer to get better returns.
According to a media report, Brookfield was involved in initial stage talks with the power company to sell these plants of 4,000 MW. The deal could prescribe equity value at Rs 4,500-5,000 crore.
The renewable energy hungry Brookfield Asset Management is on the prowl again. The Canadian company is reportedly in discussions to buy operational wind energy assets of Morgan Stanley Infrastructure Partners-controlled Continuum Wind energy, reports Mint.