Reliance Industrial Investments and Holdings (RIIHL), a wholly-owned subsidiary of Mukesh Ambani-led Reliance Industries (RIL), has entered into binding agreements with Canada’s Brookfield Infrastructure Partners LP and its institutional partners for an investment of Rs 25,215 crore in the telecom tower assets of the RIL.

In a notification to the stock exchanges, RIL noted that Brookfield and its partners would invest Rs 25,215 crore in the units to be issued by the Tower Infrastructure Trust. At the closing of the transaction, the Trust will own 100 per cent of the issued and ...