Brookfield’s OFS in telecom tower InvIT undersubscribed

Mumbai: Canadian investment firm Brookfield’s offer for sale (OFS) of units in its telecom tower InvIT Data Infrastructure Trust was subscribed only 82.44% on Wednesday, against a base size of Rs 2,824 crore, showed BSE data.

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 Rs 155 per unit, Brookfield sold units worth Rs 2,331 crore, roughly a 6% stake.