Brookfield To Buy RIL's Pipeline
  • WebDesk BTVI
  • Mar 15 2019

Brookfield-Sponsored India Infrastructure Trust will buy east-west gas pipeline for Rs 13,000 Cr. Brookfield will buy 100% equity stake in PIPL which operates the pipeline. The company will be entitled to transport gas via east west pipeline after Brookfield acquisition. PIPL currently owns and operates the pipeline. RIL will be entitled to significant participation in the net earnings of PIPL. RIL’s current investment in preference shares valued at Rs. 4,000 cr will continue.