Brookfield leads race to acquire IL&FS HQ – Times of India – DC Initiative on Racial Equity
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MUMBAI: Brookfield Asset Management has emerged as the frontrunner to acquire IL&FS group’s iconic 4.5-lakh sqft headquarters in Mumbai’s Bandra Kurla Complex. While a few others, including private equity firms and real estate companies, had shown interest none of them has matched the bid by Brookfield.
IL&FS board has put the group’s corporate headquarters on the block as part of the resolution process to address Rs 99,000 crore of debt. Constructed in 2005, the 11-storey building was one of the earliest to come up

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