India: RIL unit inks pact to raise $3.5b from Canada’s Brookfield

India: RIL unit inks pact to raise $3.5b from Canada’s Brookfield

Mukesh Ambani. Photographer: Simon Dawson/Bloomberg

Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has entered into binding agreements with Brookfield Infrastructure Partners LP, and its institutional partners, for an investment of Rs. 25,215 crore in the units to be issued by the Tower Infrastructure Trust, it said in a filing with the exchanges.

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