April 27, 2024 01:20 (IST)
Brookfield-sponsored India Infrastructure Trust to acquire East-West Pipeline for Rs. 13,000 crore
Mumbai, Mar 14 (IBNS): Brookfield has filed the preliminary placement memorandum, in terms of which India Infrastructure Trust, an InvIT set up by Brookfield as Sponsor and 90% investor, will invest Rs. 13,000 crore to acquire the East West Pipeline (“Pipeline”). As a part of the transaction, the InvIT will acquire 100% equity interest in Pipeline Infrastructure Private Limited (“PIPL”) which currently owns and operates the Pipeline.
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