Brookfield Asset Management, the world’s second biggest alternative assets manager, is in talks with lenders of debt-laden Jaiprakash Power Ventures to acquire the firm’s three power plants, two people with direct knowledge of the development said.
The discussions are in initial stages and there is no certainty that a transaction will take place. A deal, if it happens, could close at an equity value of Rs 4,500-5,000 crore, one of the two people said.
The transaction will mark Brookfield’s first investment in India’s power sector. The asset manager has already committed about $4.6 billion in the country in toll roads and telecom towers. Read more
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