Global alternative investment manager Brookfield Asset Management has taken over realty developer Peninsula Land’s equity stake in its premium project ‘Salsette 27’ in Mumbai’s Byculla locality. “This transaction has resulted in reduction in the company’s debt obligations to Brookfield by Rs 539.14 crore…The remaining NCDs of Rs 20 crore will be repaid to Brookfield from the proceeds of another completed project of the company, over the next 18 months,” Peninsula Land said in a regulatory filing.
Brookfield takes over Peninsula Land’s residential project in Mumbai’s Byculla
Date posted: Tuesday 21 July 2020