A consortium led by global alternative investment firm Brookfield Asset Management has agreed to invest INR252 billion (approximately USD3.7 billion) in the controlling entity of Reliance Jio Infratel (RJIPL), an India-based telecommunications tower operator owned by conglomerate Reliance Industries. The capital will be used to acquire a 49 percent stake in RJIPL and repay its debts. Brookfield will invest through Brookfield Infrastructure Fund IV. The transaction is subject to regulatory approval.