Forensics and the art of triangulation

(Ranga Kiran) #305

(Gaurav Agarwal) #306

Why would someone buy debt-ridden loss making business?

Brookfield to acquire Mukesh Ambani’s loss-making pipeline for Rs 13,000 crore

According to news sources -

  1. Pipeline infra owned by East West Pipelines Limited will be transferred to Pipeline Infrastructure Private Limited (Pipl).

  2. InvIT sponsor by Brookfield will own 100% equity interest in Pipl.

  3. Revenue and profit/loss of pipeline asset are 885cr and -306cr respectively.

  4. Axis & ICICI bank are providing financing.

Company details -

East West Pipeline Limited
Pipeline Infrastructure Private Limited

Disclaimer - All information based on news reports.

(Gaurav Agarwal) #307

Most interesting the alleged role of Andhra Bank and how could future of PSB pan out.

(Ranga Kiran) #308