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Brookfield's OFS in telecom tower InvIT undersubscribed

Economic Times  

Canadian investment firm Brookfield's offer for sale (OFS) of units in its telecom tower InvIT Data Infrastructure Trust was subscribed only 82.44%, against a base size of INR 2,824 crore. The infrastructure investment trust (InvIT) mainly comprises telecom towers with Reliance Jio as the anchor tenant. Against the 182.2 million units on offer, representing a 7% stake, the OFS received bids for 150.2 million units. At the floor price of INR 155 per unit, Brookfield sold units worth INR 2,331 crore, roughly a 6% stake.