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Brookfield to acquire RIL's East West Pipeline for Rs 13,000 crore

Canadian investor Brookfield-led India Infrastructure investment trust (InvIT) is set to acquire East West Pipeline (EWPL), earlier known as Reliance Gas Transportation Infrastructure, from Mukesh Ambani for Rs 13,000 crore. Brookfield on Thursday filed a preliminary placement memorandum, through which InvIT (set up by Brookfield as sponsor and 90 per cent investor) will invest Rs 13,000 crore to acquire EWPL. Reliance Industries Ltd (RIL) will get the right to acquire equity shares of Pipeline Infrastructure Private Ltd (PIPL), held by InvIT at an equity value of Rs 50 crore, at the end of 20 years.

News Source:- https://www.business-standard.com/article/companies/brookfield-to-acquire-ril-s-east-west-pipeline-for-rs-13-000-crore-119031500044_1.html