Tower Infrastructure Trust buys Space Teleinfra at Rs 900 cr

21 Jul 2021 CW Team

Brookfield-backed Tower Infrastructure Trust acquired prime neutral host provider in India, Space Teleinfra Private Limited (STIPL), for Rs 900 crore.

The transaction financing is via a combination of units of Tower InvIT and cash issued to selling shareholders.

The company told the media that the transaction is subject to several regulatory and additional customary provisions precedent common in transactions of this nature.

Tower Infrastructure Trust has a necessary market share of India’s outdoor macro tower market. It is a SEBI designated Infrastructure Investment Trust funded by Brookfield and supported by leading global infrastructure investors.

Ankit Goel, Co-founder, and Managing Director, STIPL, told the media that the deal would plan significant growth possibilities for STIPL considering the synergies among Tower InvIT.

He further said that with the start of 5G and other data consumption trends, indoor connectivity becomes necessary as outdoor connectivity and the deal would unlock new doors for STIPL to take this opportunity ahead.

Earlier in 2019, Brookfield Partners acquired 1.3 lakh towers from Reliance Jio for approximately Rs 25,000 crore and later on, it became the sponsor of Tower Infrastructure Trust.

STIPL is a flourishing shared telecom infrastructure supplier for data and voice connectivity. The company began its operations in 2016 on giving telecom infrastructure to the mobile network. The firm has developed quickly in a short period. It has a well-spread client base over all the three key MNOs, including a pan-India presence.

Image Source

Also read: Jaypee Infratech acquisition: NBCC, Suraksha to submit revised bids

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..