Tower Infrastructure Trust, an infrastructure investment trust (InvIT) by Brookfield, is planning to change its name to Data Infrastructure Trust.
To this end, the InvIT has sought for unitholders’ approval. Further, an extra ordinary general meeting (EGM) of the unitholders of Trust is scheduled to be held on May 12, 2021.
In addition, the InvIT, which owns 100 per cent equity in Summit Digitel Infrastructure Private Limited (SDIPL) (formerly known as Reliance Jio Infratel Private Limited), would also seek the approval for conversion of SDIPL from a private company to a public limited company.
According to the InvIT, Trust would have a broader scope under the name ‘Data’ which would be more reflective of the overall business profile of the Trust assets in the future.