Latest news with #Brookfield-owned
Time of India
26-05-2025
- Business
- Time of India
The Leela IPO: The Leela Raises ₹1,575 Crore from Anchor Investors Ahead of IPO Launch, ET TravelWorld
Advt By , ETTravelWorld Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETTravelWorld App Get Realtime updates Save your favourite articles Scan to download App Brookfield-owned The Leela Palaces, Hotels & Resorts (Schloss Bangalore Limited) has mobilised INR 1,575 crore ahead of its forthcoming initial public offering through an anchor allotment to 47 institutional investors. The shares were priced at INR 435 apiece, the upper end of the IPO's price band of INR 413– INR 435 per equity share.A total of 36,206,896 equity shares were allotted under the anchor book, which saw broad-based participation from domestic and international investors . Of this, 14,252,970 shares were allocated to nine domestic mutual funds across 20 schemes. Major participants included HDFC Mutual Fund , ICICI Prudential, Nippon India, Mirae and Invesco. Domestic insurance players such as Max Life and Birla Life also featured among the demand was equally strong, with participation from global institutions such as Norges Bank, Fidelity, Think Invest, Whiteoak, TT International, UC Regents, Ward Ferry and Lunate, reflecting continued global investor interest in India's premium hospitality sector The public issue is scheduled to open on 26 May and close on 28 May 2025. It comprises a fresh issue of equity shares amounting to INR 2,500 crore and an offer for sale of up to INR 1,000 crore by Brookfield-owned Project Ballet Bangalore Holdings (DIFC) Pvt. from the fresh issue are intended to be used for the repayment or prepayment of certain borrowings, including associated interest and penalties, for the company and its subsidiaries. Remaining funds will be allocated for general corporate running lead managers to the offer include JM Financial, Kotak Mahindra Capital, Morgan Stanley India, BofA Securities, J.P. Morgan India, Axis Capital, Citi, IIFL Capital, ICICI Securities, Motilal Oswal Investment Advisors and SBI Capital move marks a significant step forward in The Leela's capital restructuring and growth trajectory under Brookfield 's stewardship.
Yahoo
22-05-2025
- Business
- Yahoo
Brookfield eyes tripling India assets to $100 billion in five years
By Dhwani Pandya MUMBAI (Reuters) -Brookfield Asset Management will triple its India investments to $100 billion within five years, as it bets on the country's strong growth prospects and rising demand in the infrastructure and clean energy sectors, a senior executive said on Thursday. Brookfield has been doubling down on India investments and has in recent years invested $12 billion in infrastructure assets like gas pipelines, telecom tower assets and data centres; as well as $12 billion in real estate including offices and hotels, and $3 billion in clean energy projects. The New York-based company, with over $1 trillion of assets under management worldwide, views India as a key beneficiary as companies around the world diversify their supply chains, Brookfield Asset Management's President Connor Teskey said. "Global corporates are looking to make their supply chains more resilient, they are moving away from a single supplier model to multiple supplier points, India seems to be the beneficiary of all of those trends," Teskey told reporters in Mumbai. Brookfield will continue to look for opportunities in transport infrastructure, utilities and power generation, especially in renewables, as well as real estate across office, retail, logistics, hospitality and student housing, he added. This week, Brookfield-owned Schloss Bangalore, an Indian luxury hotel chain operator, announced plans to raise $409 million in a public issue. Despite new tariffs creating global uncertainties this year, Brookfield has not paused capital deployment, Teskey said, noting the firm's long-term investment horizon. "The key themes and dynamics that we are investing in today completely overwhelm any short-term uncertainty or headline noise."
Reuters
22-05-2025
- Business
- Reuters
Brookfield eyes tripling India assets to $100 billion in five years
MUMBAI, May 22 (Reuters) - Brookfield Asset Management will triple its India investments to $100 billion within five years, as it bets on the country's strong growth prospects and rising demand in the infrastructure and clean energy sectors, a senior executive said on Thursday. Brookfield has been doubling down on India investments and has in recent years invested $12 billion in infrastructure assets like gas pipelines, telecom tower assets and data centres; as well as $12 billion in real estate including offices and hotels, and $3 billion in clean energy projects. The New York-based company, with over $1 trillion of assets under management worldwide, views India as a key beneficiary as companies around the world diversify their supply chains, Brookfield Asset Management's President Connor Teskey said. "Global corporates are looking to make their supply chains more resilient, they are moving away from a single supplier model to multiple supplier points, India seems to be the beneficiary of all of those trends," Teskey told reporters in Mumbai. Brookfield will continue to look for opportunities in transport infrastructure, utilities and power generation, especially in renewables, as well as real estate across office, retail, logistics, hospitality and student housing, he added. This week, Brookfield-owned Schloss Bangalore, an Indian luxury hotel chain operator, announced plans to raise $409 million in a public issue. Despite new tariffs creating global uncertainties this year, Brookfield has not paused capital deployment, Teskey said, noting the firm's long-term investment horizon. "The key themes and dynamics that we are investing in today completely overwhelm any short-term uncertainty or headline noise."
AU Financial Review
13-05-2025
- Business
- AU Financial Review
Game on: Bupa taps Luminis, A&M for Healthscope tilt
There's no love lost between Bupa and Healthscope, the Brookfield-owned operator singling the health insurer out in an advertising campaign last year, accusing it of bleeding it dry. But what happens with your worst enemy becomes your best suitor? On Monday, Street Talk revealed that St Vincent's Health, Australia's largest not-for-profit provider of health and aged care services, had brought in homegrown investment bank Barrenjoey Capital Partners to advise on a possible bid.
CBC
15-04-2025
- Business
- CBC
Carney questioned over Indigenous rights record at past company
While Mark Carney was an executive, global investment firm Brookfield was accused of breaching Indigenous rights or harming the environment in at least four countries. From 2020 to 2024, Brookfield-owned businesses faced reports of human rights abuses in Brazil, Indigenous resistance in Colombia, a First Nation's lawsuit in Ontario and an environmental dispute in Maine. If elected, Carney is promising to respect Indigenous rights.
