Wednesday, July 2, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

CCI approves Brookfield led investments in Reliance unit

Fiinews by Fiinews
January 20, 2020
in Banking & Finance, Industry Sectors, Investment, Projects
Reading Time: 1 min read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Foreign investors venture via InvIT

 

Reliance jio

 

The Competition Commission of India (CCI) approves subscription of units of Tower Infrastructure Trust (InvIT) by BIF IV Jarvis India Pte Ltd, British Columbia Investment Management Corporation (BCI), Anahera Investment Pte Ltd and Valkyrie Investment Pte Ltd under Section 31(1) of the Competition Act, 2002, on 20 Jan 2020.

The proposed combination entails subscription of units of InvIT by Jarvis, BCI, Anahera and Valkyrie.

Jarvis, part of the Brookfield Group entities directly and indirectly controlled by Brookfield Asset Management Inc, is currently not engaged in any activities in India.

BCI has no direct physical presence in India and it currently does not offer any products or services in India. BCI holds controlling interest in certain portfolio companies which have direct, or indirect operations, or sales presence in India.

Anahera is a foreign portfolio investor registered under the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014, while Valkyrie is a foreign venture capital investor registered with the SEBI under the Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations, 2000.

Both Anahera and Valkyrie are wholly owned subsidiaries of GIC Infra Holdings Pte Ltd, a Singapore investment company.

The InvIT was set up with the objective of making investments (directly or indirectly) in the infrastructure sector, said the Corporate Affairs Ministry on 20 Jan 2020.

Currently, the InvIT holds 51% of the equity share capital of Reliance Jio Infratel Private Limited, which is engaged in the business of providing passive tower infrastructure services in the country. fiinews.com

Tags: Ministry of Corporate Affairs
ShareTweetShare

Related Posts

PIB
Projects

Project: Udaygiri delivered to Indian Navy

by Fiinews
July 2, 2025
0
15

Ships -- quantum leap in Navy’s in-house design capabilities Yard 12652 (Udaygiri), the second ship of Project 17A stealth frigate,...

Kumaraswamy Abdulla Bin Touq Al Marri
Projects

Project: India-UAE work on resource security

by Fiinews
July 2, 2025
0
15

CPSEs anchor India-UAE industrial partnership Steel Minister H.D. Kumaraswamy and Abdulla Bin Touq Al Marri, UAE’s Minister of Economy, have...

PIB

Project: Health-tech revolution in India

June 30, 2025
14
PIB

Project: Ministry revises WtE guidelines

June 30, 2025
13
POWERGRID Corp of India Ltd

Project: India Energy Stack launched

June 30, 2025
13
Foldax

Project: Positive results Mitral Valve clinical trial

June 29, 2025
15
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Udaygiri delivered to Indian Navy
  • Project: India-UAE work on resource security
  • Tender: Asangaon–Kasara 4th Line proposed
  • Tender: Upgrade of Paramakudi-Ramanathapuram
  • Market: Minister discusses opportunities in Dubai

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.