Bharti Is Said Planning to Transfer JV Stake to Brookfield REIT

Bharti Enterprises Ltd. is planning to sell its stake in a real estate joint venture with Brookfield Asset Management to a listed property trust backed by the Canadian investment giant, people with knowledge of the matter said.

The Indian conglomerate is discussing a move to transfer its roughly 50% stake in the commercial property joint ventureto Brookfield India Real Estate Trust, according to the people. The deal may value Bharti’s stake in the venture, which has assets mostly located in the New Delhi-National Capital Region, at around $750 million, one of the people said.

Brookfield India Real Estate ...