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Bottomline: Brookfield-backed Data InvIT boosts profit as tower sector consolidates

VCCircle

VCCircle · 11m ago

Bottomline: Brookfield-backed Data InvIT boosts profit as tower sector consolidates

Data Infrastructure Trust (DIT), an infrastructure investment trust backed by Brookfield, has experienced a surge in profit as the tower sector in India consolidates amidst the expansion of 5G networks. As more individuals come online and telecom companies expand their networks, firms operating telecom towers and InvITs holding these assets are reaping significant gains. DIT, as a beneficiary of this trend, is poised to capitalize on the growing demand for telecom infrastructure in India.

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Brookfield-backed Data InvIT raises nearly $1 bn in rare bond deal to fund ATC India purchase

VCCircle

VCCircle · 11m ago

Brookfield-backed Data InvIT raises nearly $1 bn in rare bond deal to fund ATC India purchase

Brookfield-backed Data Infrastructure Trust, an Indian infrastructure investment trust (InvIT), has raised $941 million through rupee bonds to finance the acquisition of American Tower Corp's (ATC) local assets. The bond offering is open to foreign investors only, as it is structured as a downstream investment. The two series of bonds, maturing in five years, have a quarterly interest rate of 9.99%. Alongside the bond issue, Data Infrastructure Trust plans to raise additional funds through bank loans and equity to complete the ATC India purchase.

Bottomline: How PE-backed Cube Highways’ InvIT performed in its first year of listing

VCCircle

VCCircle · 1y ago

Bottomline: How PE-backed Cube Highways’ InvIT performed in its first year of listing

Cube Highways Trust, the infrastructure investment trust (InvIT) backed by private equity firm I Squared Capital, generated a yield of slightly over 10% from its portfolio and saw toll revenue growth of nearly 12% in its first year of listing, FY24. The InvIT experienced consolidated performance across its portfolio of highways and road concessions in India.

Bottomline: Shrem InvIT on the fast road as acquisitions boost revenue, profit

VCCircle

VCCircle · 1y ago

Bottomline: Shrem InvIT on the fast road as acquisitions boost revenue, profit

Shrem InvIT, an infrastructure investment trust that focuses on highways, has experienced rapid growth in revenue and profit due to several acquisitions of operational assets. In the year leading up to March, the InvIT's consolidated revenue increased by 41% to Rs 1,952.84 crore.

Bottomline: CPPIB-backed Powergrid InvIT in robust health as profit jumps

VCCircle

VCCircle · 11m ago

Bottomline: CPPIB-backed Powergrid InvIT in robust health as profit jumps

Powergrid Infrastructure Investment Trust (Powergrid InvIT) has reported a significant increase in profits, indicating robust financial performance. Despite a 10% loss for those who purchased units in May 2021, the company has delivered positive returns for those who invested in mid-October 2022. Supported by the Canada Pension Plan Investment Board (CPPIB), Powergrid InvIT has demonstrated its resilience and potential as an investment opportunity in the Indian stock market.

Bottomline: PE-backed APAC Financial continues profit streak for sixth year

VCCircle

VCCircle · 2m ago

Bottomline: PE-backed APAC Financial continues profit streak for sixth year

APAC Financial Services Pvt Ltd, backed by Renuka Ramnath-led Multiples Alternate Asset Management, reported a net profit for the sixth consecutive year in FY25. The company's net profit increased to Rs 110 crore ($12.8 million) for the financial year ending March 2025. Founded by Gunit Chadha, the firm continues its profitability streak, showcasing sustained financial growth. APAC Financial's performance underscores its successful management and strategy execution in the financial sector.

Brookfield-backed CleanMax to file ₹4,000-5,000 cr IPO via confidential route

Livemint

Livemint · 7d ago

Brookfield-backed CleanMax to file ₹4,000-5,000 cr IPO via confidential route

CleanMax Enviro Energy Solutions, a renewable energy company backed by Brookfield, is planning to file for a confidential IPO valued at ₹4,000-5,000 crore. The Mumbai-based company aims to submit draft papers to the Securities and Exchange Board of India by the end of August. With Brookfield owning 48% of CleanMax, the move seeks to leverage growing investor interest in India's renewable energy sector.

Brookfield set to score blockbuster gains as India hospitality portfolio firm goes public

VCCircle

VCCircle · 2m ago

Brookfield set to score blockbuster gains as India hospitality portfolio firm goes public

Canadian investment firm Brookfield is poised for significant returns from its six-year investment in a prominent Indian luxury hotel chain as it reduces its stake. Brookfield manages a $29 billion portfolio in India, spanning real estate, infrastructure, renewable energy, and private equity. The move comes as the hotel company goes public, allowing Brookfield to capitalize on its investment, signaling a successful venture in India's hospitality sector.

Bottomline: CoreEL’s profit halves as revenue growth, margins take a hit

VCCircle

VCCircle · 7m ago

Bottomline: CoreEL’s profit halves as revenue growth, margins take a hit

CoreEL, an electronics design and manufacturing company backed by 360 One Asset Management, reported a decrease in net profit for the fiscal year ending in March 2024. The decline was attributed to lower margins and sluggish revenue growth. CoreEL's net profit fell to Rs 11 crore during this period.

Bottomline: Ambit Finvest AUM, net profit surge; asset quality slips

VCCircle

VCCircle · 8m ago

Bottomline: Ambit Finvest AUM, net profit surge; asset quality slips

Ambit Finvest, backed by Adar Poonawalla, saw an increase in both its asset under management (AUM) and net profit in the financial year ending March 2024. However, the company also experienced a decrease in the quality of its assets.

Brookfield hit it big with towers. Here's what it has in mind next.

Livemint

Livemint · 10m ago

Brookfield hit it big with towers. Here's what it has in mind next.

Brookfield Infrastructure Partners is considering investments in India's semiconductor fabrication sector, along with assessments of opportunities in fibers, transmission lines, electric vehicles, and smart meters. The company has invested $15 billion in a joint venture with Intel to build a semiconductor facility in the US. Brookfield is engaging in discussions with Indian companies, with plans for investing in segments such as fibers and smart meters at a more advanced stage. The investment in semiconductors is still at a nascent stage, but Brookfield sees potential in India's semiconductor industry.

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