Investors may join Brookfield's investment trust for East West Pipeline buy, says report
Updated : February 11, 2019 11:24 AM IST
EWPL, earlier known as Reliance Gas Transportation Infrastructure Ltd, is a unit of Reliance Utilities Private Limited. It transports gas from Kakinada in south-eastern India to Bharuch in the west.
Investors such as ICICI Prudential Asset Management Company, the family office of the Poonawallas of Serum Institute and individuals like Uday Kotak - managing director and chief executive of Kotak Mahindra Bank Ltd - are expected to join the consortium, the report added.
Other banks, including ICICI Bank Ltd and state-run Bank of Baroda Ltd are also part of the talks to monetise the private pipeline, according to the report.
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