Brookfield Asset Management Inc has entered exclusive talks on a takeover of Bharti Infratel Ltd, India’s largest listed wireless tower owner, after submitting a bid valuing the company at about $11 billion, people with knowledge of the matter said.
Canada’s largest alternative asset manager offered to buy a majority stake in Bharti Infratel for around Rs 400 per share, the people said, asking not to be identified because the information is private. An investor group including KKR & Co, Canada Pension Plan Investment Board and Blackstone Group LP made an offer for a minority stake in the Gurgaon-based company, which is controlled by billionaire Sunil Mittal, according to the people.
Read more: Business Standard
