Brookfield

Post this latest alliance, Brookfield and GIC have sealed deals worth nearly $2.5 bn in India. Both had joined hands earlier to acquire Candor Techspace G1 ( Gurugram) and Downtown Powai, Mumbai in a deal valued at $1.4 bn

Brookprop Management Services settles case with SEBI in Brookfield REIT matter

The case highlights Sebi’s continuing scrutiny of REITs and adherence to rules governing distribution practices

360 ONE asset acquires 50% stake from Brookfield in Pune mixed-use project for Rs 2,400 cr

The property, situated on a seven acre land parcel off the Pune-Ahmednagar Road, has one operational tower sized one million square feet, which is leased to payments giant Mastercard

Brookfield’s CleanMax, KKR-backed Hero Future Energies may file draft IPO papers by next week

Hero Future Energies is looking to raise around Rs 4,000 crore and CleanMax around Rs 5,000 crore

Brookfield eyes $100 billion India portfolio in five years, says President Connor Teskey

Teskey said that Brookfield expects its global portfolio of around $1 trillion to reach $2 trillion or more in the next five years. 

Temporary blip due to Indo-Pak tensions, but luxury hotels to recover soon: Brookfield ahead of Leela IPO

Brookfield Asset Management-promoted Leela Palaces, Hotels, and Resorts is preparing to list as Schloss Bangalore Ltd in a Rs 3,500 crore initial public offering

Brookfield-backed Avaada plans Rs 4,000-cr IPO for solar module manufacturing arm

In March, it inaugurated a 1.5 GW solar module gigafactory in Dadri, Uttar Pradesh, and laid the foundation for a 5 GW integrated manufacturing facility in Greater Noida. 

Climate investor ALTÉRRA to pump in $100 million in Evren

The transaction marks a major step in ALTÉRRA’s broader goal to mobilise $250 billion globally for climate finance by 2030, the Abu Dhabi-based climate investor has said

Brookfield sells 1.6 GW of renewable assets in India to Malaysia's Gentari in a major monetization move

This transaction marks Brookfield’s first full-cycle portfolio monetization in India for its renewable power & transition business.

CleanMax earmarks Rs 4,000 crore capex in FY26 for adding 1GW capacity

CleanMax plans to scale up its capacity by nearly 1 GW annually, according to founder and managing director Kuldeep Jain. Seventy percent of the 1,000-MW energy portfolio expansion plan will consist of solar projects and the rest would be wind projects.

Brookfield REIT QIP sees 2x demand, LIC, IFC, mutual funds among investors

This is the second time that Brookfield REIT has taken the QIP route to raise funds since its IPO in February 2021. In August 2023, it Rs 2,305 crore by selling shares to institutional investors

Prospects for REITs light up on upcycle in office rentals

The distribution per unit to the investors rose by 5-7 per cent for all three REIT firms when compared to the year-ago period

Strained India-Canada relations unlikely to impact long-term capital flows, say I-bankers

Canadian pension funds such as CPPIB, CDPQ and private investors like Brookfield Asset Management and Fairfax Financial have collectively invested around $21 billion in India over the past five years.

UK investment summit to feature Google, Wayve and Brookfield

Last month, Elon Musk, the CEO of Tesla and owner of X, criticised Britain after reports he had not been invited to the summit.

Bound for IPO, Brookfield-run Leela plans hotels in spiritual, wildlife tourism segments

As of May 31, 2024, Leela’s portfolio comprised 3,382 hotel rooms across 12 properties under three formats - Leela Palaces, Leela Hotels and Leela Resorts. 

Leela Palaces to file for Rs 5,000-cr IPO soon; biggest ever in hotel segment

The mega IPO of the luxury hotel chain, which is promoted by Brookfield Asset Management, has a syndicate of as many as 11 investment banks. In March 2019, Brookfield acquired four of Leela’s assets in Delhi, Bangalore, Udaipur and Chennai from JM Financial ARC

TVS Credit, Baring EQT, Kedaara Capital in race to acquire Indostar Home Finance

Proceeds from stake sale of the housing unit is expected to be utilised by Indostar Capital Finance to meet growth requirements

Confident that the telecom market will eventually stabilise: Brookfield

Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by Canada’s Brookfield Asset Management, has completed the acquisition of American Tower Corp’s India unit for $2.2 billion (Rs 18,200 crore) by beating Indus Towers to become the biggest telecom towers company in the country.

Brookfield-led consortium completes Rs 18,200 crore acquisition of ATC; becomes India's top towerco

The deal approved by the Competition Commission of India (CCI), involves the purchase of approximately 76,000 communication sites for an enterprise value of Rs 182 billion (Rs 18,200 crore).

Former Google executive Munish Seth joins Brookfield's Data Infrastructure Trust as group MD

Seth, who was the country director at Google, has more than 34 years of experience in the telecommunications industry

Tower InvIT Data Infra Trust to raise Rs 6,600 cr from Brookfield, GIC, British Columbia for ATC deal

Data Infrastructure Trust on January 4 had announced that it will acquire ATC’s India telecom business comprising 78,000 towers for an enterprise value of Rs 16,500 crore

Brookfield to invest up to $550 million in Leap Green Energy

Brookfield will work alongside the company’s existing shareholders to grow the platform to in excess of 3 GW over the next four to five years.

Brookfield India Real Estate Trust to acquire 50% stake in 4 Bharti Enterprises marquee assets in NCR

The enterprise value of the properties is Rs 6,000 crore. Bharti has become the second largest unitholder in BIRET, with an ownership stake of 8.53 percent

Brookfield exploring $300 mn IPO of renewable energy company CleanMax

The Canadian investor acquired a controlling stake in CleanMax in 2023 with an investment of $360 million. Brookfield is hoping to raise Rs 2,500 crore to Rs 3,000 crore.

Shell kicks off sale of Indian renewable energy unit Sprng

The global energy major has reached out to investors such as KKR and Brookfield for the stake sale. Shell is open to a part or full sale of the unit, which is expected to fetch an enterprise value of $1.6-1.8 billion