Brookfield Asset Management Inc. (TSX:BAM.A) entered into a share subscription and purchase agreement to acquire 25% stake in J. And D. Speciality Films Private Limited from Jindal Poly Films Limited (BSE:500227) for INR 10 million on March 16, 2022. As per the transaction, Brookfield Asset Management Inc. will acquire 20 shares of J. And D. Speciality Films Private Limited. As of April 23, 2022, Jindal Poly Films's share holders approved the deal. The transaction is expected to complete within the first half of the financial year 2022-23. PricewaterhouseCoopers Private Limited acted as an accountant and financial due diligence provider to JPFL Films Private Limited. Jeff L. White of Weil, Gotshal & Manges LLP acted as legal advisor to Brookfield Asset Management Inc. Haigreve Khaitan, Bharat Anand and Pashupati Nath of Khaitan & Co. acted as legal advisors to Jindal Poly Films. Rothschild (India) Pvt. Ltd. acted as financial advisor to Jindal Poly Films. TriLegal Partners, Wadia Ghandy & Co., Weil, Gotshal & Manges (London) Llp acted as legal advisors to Brookfield Asset Management Inc.

Brookfield Asset Management Inc. (TSX:BAM.A) completed the acquisition of 25% stake in J. And D. Speciality Films Private Limited from Jindal Poly Films Limited (BSE:500227) on August 2, 2022.