A listing in Mumbai could happen as soon as end of this year REIT listings are picking up in India after change in rules Brookfield Asset Management Inc. has picked banks for an initial public offering of its India real estate investment trust that could raise at least $500 million, according to people familiar […]
Brookfield in talks to acquire Piramal Enterprises’ $300 mn renewable loans
Piramal plans to sell loans in the face of financial pressure following the pandemic Mumbai: Piramal Enterprises is in talks to sell $300 million (Rs 2,200 crore) of loans advanced to three renewable energy companies to Brookfield Asset Management, two people with direct knowledge of the matter told ET. Canada-based Brookfield plans to build a […]
Tatas object to Shapoorji Pallonji Group plan to pledge stake
Pallonji Mistry and sons Shapoor Mistry and Cyrus Mistry, who together control the diversified SP Group, have tapped Canadian investor Brookfield for a mega $2-2.5 billion funding facility using part of its stake in Tata Sons as collateral. Mumbai: Tata Sons and its estranged minority shareholder Shapoorji Pallonji (SP) Group have clashed once again with the former […]
Brookfield in talks to invest $800 million in ReNew Power
Deal could offer partial exit to Goldman Sachs that owns 48% stake in green energy company. Goldman Sachs, a backer of the company since 2011, has invested about $370 million in ReNew Power through 2013 and 2014. Founded in 2011 by Sumant Sinha, t… MUMBAI: Canadian asset management firm Brookfield is in talks to […]
Debt-laden Suzlon may be an attractive bet for Canadian asset manager Brookfield
Suzlon’s O&M services business is probably the biggest attraction for Brookfield Suzlon’s ownership of land parcels is another asset that a buyer will see value in MUMBAI: India’s largest wind turbine maker Suzlon Energy Ltd, once a darling of the stock markets, defaulted on payments to bondholders earlier this week, thus again leading the company […]
Brookfield may buy controlling stake in debt-ridden Suzlon Energy
Deals Buzz: Brookfield may buy controlling stake in debt-ridden Suzlon Energy In other news, Byju’s, India’s most valued ed-tech company, raised $150 million in its latest round of funding led by Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms […]
Suzlon offers to sell majority stake to Brookfield for settling loans
Suzlon has offered a one-time settlement proposal to its lenders that entails potential stake sale to Brookfield that would infuse additional equity in the company. Mumbai: Suzlon EnergyNSE 10.99 % has told its lenders that Canadian investor Brookfield is keen to acquire majority stake in it, which would help the cash-strapped renewable energy company settle […]
Brookfield eyes majority stake in Mytrah Energy in deal valued at $1.5 bn
Mytrah has a portfolio of 1.6 Gw in renewable energy assets across India, seeks investor to repay Rs 1,800 cr loan taken from Piramal Group in Sept 2017 to buy out its PE investors Canada’s Brookfield Asset Management, which owns renewable assets worth over $47 billion globally, is looking to acquire a majority stake in […]
Brookfield Asset Management bets big on India
Brookfield Asset Management: A Canadian firm with $ 350 billion of assets under management and a 120 year heritage, seems to be favouring India, and is on a deal making spree in the country with acquisition of hotels, real estate and a massive gas pipeline. Just last week, an investment trust led by Brookfield bought […]
Brookfield, Macquarie, KKR in race for IL&FS green assets
Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are among the 15 large funds in the race for buying over 1,000-megawatt renewable energy assets of Infrastructure Leasing & Financial Services LtdNSE 0.30 % (IL&FS). The proposed sale of the stake held by the IL&FS Group in these assets and businesses is likely to […]