Suzlon scraps $1.2 billion debt repayment offer as Vestas backs out

By Suvashree Ghosh, Baiju Kalesh and P R Sanjai Suzlon Energy withdrew an offer to repay about Rs 8,500 crore ($1.2 billion) to lenders after Vestas Wind Systems A/C, which was backing the proposal, pulled out of the debt-resolution plan, according to people familiar with the matter. The settlement was the only offer before the … Read moreSuzlon scraps $1.2 billion debt repayment offer as Vestas backs out

Brookfield-led team to buy out Jio’s tower arm in multi-stage deal

NEW DELHI: A consortium led by Brookfield Asset Management has agreed to acquire Reliance Industries’ Reliance Jio lnfratel unit in a multi-stage deal, which would see it first investing Rs 25,215 crore in an infrastructure trust that owns 51% of the telecom tower company. Once the transactions are closed, the Canadian alternative assets manager and … Read moreBrookfield-led team to buy out Jio’s tower arm in multi-stage deal

Reliance Industries plans to take Jio public in 2020

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MUMBAI: Reliance Industries Ltd (RIL) is exploring an initial public offering (IPO) for its Reliance Jio Infocomm unit in the latter half of 2020 at the earliest, according to people familiar with the matter. They added, however, that the first priority would be getting investors for the two infrastructure investment trusts (InvITs), which own the … Read moreReliance Industries plans to take Jio public in 2020

Brookfield, Reliance inch closer to a towering deal

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MUMBAI: Brookfield Asset Management and Reliance Industries (RIL) are expected to sign a term sheet for the proposed sale of Jio’s telecom towers in the next 7-10 days as the refining-to-retail conglomerate steps up efforts to halve its telecom debt. People close to the situation said that Reliance Jio Infratel Pvt Ltd’s portfolio of 170,000 … Read moreBrookfield, Reliance inch closer to a towering deal

Do not follow fashion, follow value for big returns in long run, says Bruce Flatt

Bruce Flatt, CEO of Brookfield Asset Management, says going against the crowd and maintaining a contrarian approach is often a very lucrative strategy in investing, if accomplished. He also says companies should seek profitability rather than growth, because growth does not necessarily add value. Brookfield Asset management is a leading global alternative asset management firm … Read moreDo not follow fashion, follow value for big returns in long run, says Bruce Flatt

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