InvestorQ : What is the latest status of Brookfield plans to buy the Reliance Jio towers business?
Juvina Maggie made post

What is the latest status of Brookfield plans to buy the Reliance Jio towers business?

Answer
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Deepa Salunkhe answered.
1 month ago


Government approved the proposal by Brookfield Asset Management to acquire a stake in the trust that manages Jio’s wireless infrastructure for a sum of Rs.25,200 crore. This deal had been in the discussion and approval stage for more than a year.

Brookfield will now take control of Reliance Jio Infratel via Tower Infrastructure Trust, a special trust for that purpose. This will add another $3.2 billion to the $30 billion that he has already monetized through the sale of stake in Jio Platforms and the rights issue.