Canadian investment firm Brookfield Asset Management Inc, on Thursday said it has signed an agreement to pick up a minority stake in the packaging films business from Jindal Poly Films Limited (JPFL) for Rs 2,000 crore (around $263 million).
This is among the largest private equity deals in India’s packaging sector, which has seen significant interest from foreign investors including the Blackstone, Warburg Pincus and Advent International, and domestic investors such as JM Financial PE and Premji Invest over the past few years.
Brookfield has been operating in India for over 11 years and currently manages $20.6 billion in assets across infrastructure, real estate, and renewable energy.
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