INDIA > Canada’s Brookfield Group to buy 51% stake in Reliance Infratel for $1.6 bn

brookfield-logo Canada based Brookfield Group to buy 51% stake in Reliance Communication’s subsidiary Reliance Infratel for Rs. 11,000 crores ($1.6 bn.). Reliance Infratel is Reliance communications tower unit. The transaction will now be subjected to approvals by shareholders, regulator and lenders. After the all-cash deal is completed, Brookfield Infrastructure will manage and demerge Reliance Infratel into a separate new company making More …