Three of the world's largest institutional investors – Brookfield Asset Management, British Columbia Investment Management Corporation (BCI) and Singapore's GIC – have divested a 7.3 per cent unitholding in Altius Telecom Infrastructure Trust (Altius InvIT) for ₹3,656 crore through open market transactions, according to bulk deal data on the BSE.
Transaction Details
The transactions, executed on Tuesday, involved the sale of more than 22.15 crore units, representing a 7.27 per cent unitholding in Mumbai-based Altius Telecom Infrastructure Trust. The units were disposed of in the price range of ₹165–165.05 per unit, taking the combined transaction value to ₹3,656 crore, as per the exchange data.
| Seller | Units Sold (crore) | Unitholding (%) |
|---|---|---|
| Brookfield (BIF IV Jarvis India Pte Ltd) | 13.75 | 4.51 |
| GIC (Anahera Investment Pte Ltd) | 5.53 | 1.81 |
| BCI (Rossland IMC Limited Partnership) | 2.86 | 0.94 |
| Total | 22.15 | 7.27 |
Numbers computed based on total units and per-unit price; exact individual deal values are not separately reported in the exchange data.
Buyer Participation
Among the buyers, infrastructure major Larsen & Toubro acquired more than 3.8 crore units, or a 1.25 per cent unitholding in Altius InvIT, at an average price of ₹165 per unit. This took the deal value to ₹627.82 crore, according to the bulk deal data. Details of the other buyers of Altius InvIT's units could not be ascertained on the exchange.
Entity Backgrounds
Brookfield Asset Management Ltd, headquartered in New York, manages more than USD 1 trillion of assets globally and sold its stake through affiliate BIF IV Jarvis India Pte Ltd. BCI, one of Canada's largest institutional investors, manages $295 billion in gross assets as of March 31, 2025, and executed its sale through Rossland IMC Limited Partnership. GIC, one of Singapore's three reserve-managing entities alongside the Monetary Authority of Singapore and Temasek, divested via its arm Anahera Investment Pte Ltd.
Altius Telecom Infrastructure Trust is one of India's leading telecom infrastructure platforms with a portfolio of more than 2.57 lakh telecom sites supporting technologies ranging from 2G to 5G, future innovations, Internet of Things, small cells, and AI applications.
Market Reaction
After the completion of the transaction, Altius Telecom Infrastructure Trust's units rose 0.53 per cent to trade at ₹168 per unit on the BSE on Wednesday.
The divestment comes as institutional investors periodically rebalance portfolios, and the transaction highlights continued interest in India's telecom infrastructure sector, which has seen significant investment from global capital as the country expands its digital and telecom networks. The involvement of a domestic infrastructure player like L&T as a buyer underscores the strategic value of Altius's extensive site portfolio in the evolving connectivity landscape.
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