MUMBAI, March 15 -- Canada-based Brookfield Asset Management's India Infrastructure Trust, an InvIT, is acquiring Reliance Industries Ltd's (RIL's) loss-making entity East West Pipeline for Rs 13,000 crore, RIL said on Thursday.

"Brookfield has filed the preliminary placement memorandum, in terms of which India Infrastructure Trust, an InvIT set up by Brookfield as sponsor and 90% investor, will invest Rs 13,000 crore to acquire the East West Pipeline," RIL said.

The InvIT will acquire 100% equity interest in Pipeline Infrastructure Private Limited (PIPL) which currently owns and operates the East West Pipeline.

Following this acquisition by Brookfield, the existing pipeline usage agreement has been reworked and the reserved capacity red...