RCOM’s lenders clear the sale of its real estate assets to Brookfield for Rs 8.01 billion

RCOM’s lenders have approved the sale of its real estate assets in Delhi and Chennai to Canada-based asset management firm Brookfield for Rs 8.01 billion. The proceeds from the asset sale will be used by RCOM for reducing its debt. As per RCOM’s asset monetisation plans, the operator has been working on finding investors and buyers for prime real estate assets, which include the Dhirubhai Ambani Knowledge City in Navi Mumbai, that measures nearly 125 acres (with potential development rights of over 17 million square feet), and prime property of 4 acres near Connaught Place, New Delhi