BCI acquires additional 4.8 per cent stake worth Rs 20 billion in Brookfield’s tower InvIT

The British Columbia Investment (BCI) has acquired an additional 4.8 per cent stake in Brookfield’s Data Infrastructure Trust, tower infrastructure investment trust (InvIT). The investment was made through a block deal worth around Rs 20 billion.
This is the second time BCI has invested in the tower InvIT. BCI had previously picked up around 2 per cent stake in the tower InvIT, when Brookfield sold its share through an offer for sale raising Rs 23.31 billion, the first transaction of its kind by an InvIT in India. BCI currently holds around 7 per cent stake in Data Infrastructure Trust.