The REIT has a initial portfolio of 14 mn sq ft in Gurugram, Mumbai, Noida, Kolkata, mostly bought from Unitech Corporate Parks
The initiail public issue plans to raise Rs 4400 crore from investors and will be the third REIT offer after Embassy and Mindspace REITs
The Canadian asset manager is filing the Draft Red Herring Prospectus (DRHP), making it the third REIT to be listed in the country after Embassy Office Parks and Mindspace
Bankers expect bad debt worth $35 bn to be up for grabs, in addition to $110 bn already in the system; Blackrock, SBI Cap, Brookfield eyeing stressed assets
Mistrys say it's vindictive move aimed to delays fund raise; will jeopardise future of 60,000 employees and over 100,000 migrant workers
Global rivals go for joint ventures, plan to list investments by next year.
Future Supply Chain Solutions (FSC) is a third-party supply chain and logistics service provider that offers warehousing facilities also.
Mukesh Ambani, in August 2019, had said he wanted to make RIL a zero-debt company in 18 months by selling stakes in several businesses and unlocking value in some others
Brookfield is steadily building a credit portfolio in real estate. It has built a loan book of $1 billion in the past couple of years
Tower Infrastructure Trust, set up by Brookfield and RIL, had filed its prospectus just a few days before the Budget was announced
Brookfield will also become a co-promoter in IndoStar and nominate two board members. R Sridhar will continue to lead the company in his role as vice-chairman and CEO of IndoStar
In a tweet on Monday, the regulator said it "approves subscription of the units of Tower Infrastructure Trust by BIF IV Jarvis India Pte., British Columbia Investment Management and GIC Investors.
Brookfield owns 22 million square feet of office properties in India
Reliance Jio lnfratel has a portfolio of about 130,000 telecom towers that form the backbone of Reliance Jio Infocomm's network
Wadhwa group, one of the largest owners of office property in the BKC area, plans to float a REIT after onboarding an investor
It also has real estate funds with Brookfield of Canada, thus, becoming one of the first companies to start a trend of real estate company co-investing with a global fund manager
The PE fund's exposure is primarily focused on infra projects (where it invested $10 billion) and real estate (around $4 billion)
In the investment banking & markets cohort, HSBC was the highest recruiter, extending eight offers
Undertakes commercial project for Pune landlord
The source said Brookfield's offer to infuse fresh equity into the company would depend on the haircut to be taken by the banks