Photo: BloombergBengaluru: Canada’s Brookfield Asset Management Inc. is at an advanced stage to invest around Rs800 crore in Total Environment Building Systems Pvt. The capital will help Total Environment refinance most of its debt and replace the existing debtors with Brookfield as the main lender. The Total Environment deal would be the second investment from Brookfield’s global corpus. In 2014, Brookfield had invested around Rs200 crore in Total Environment via the Peninsula Brookfield India Real Estate Fund, which is managed by Peninsula Brookfield Investment Managers Pvt. Total Environment, which has projects in Bengaluru, Pune and Hyderabad, has raised funds from various lenders in the past few years.

Source: Mint August 09, 2017 18:00 UTC