Blackstone sells 23% stake in Essel Propack
Blackstone has made the part exit on Friday by selling company’s shares at Rs.256.5 per share. Blackstone will continue to own 52 per cent in EPL.
Blackstone, Partners Group said in race to buy Piramal Glass
Piramal Glass makes glass packaging and has factories across the U.S., India and...
Youth and connectivity are two important aspects of growth: Stephen Schwarzman, Blackstone Group
Blackstone Group, with investments in Indian...
Indiabulls Real Estate, Embassy Group finalize merger terms, share swap
The combined entity will hold both the developers’ ongoing, completed but unsold and planned projects with 80.8 million sq ft of development potential. This exercise will mark Indiabulls Group’s exit from real estate business.
Surge in transactions helps Fino Payments Bank move into black
Fino expects to complete Rs 60,000 crore worth of transactions in the first half of Fy21, up 36% from Rs 44 000 crore in the same period last fiscal. Transaction volumes have surpassed pre-Covid levels, largely due to cash withdrawals in rural areas.
Youth & connectivity recipe for growth: Blackstone founder
India Will Have One Of Best Experiences With Growth, Even If Negative: Blackstone Founder
Trust deficit? PE players run a fine comb through investee company earnings
Investors want to look at the financials to verify the reported numbers and check if anything is amiss. These investors include some of the biggest names in the private equity business such as KKR, Blackstone, Multiples, Carlyle and TPG.
Our investing theme in India remains IT across realty and PE: Christopher Heady, Blackstone Group
India is a key market for us. Since inception, we’ve invested over $15 billion including nearly $8 billion in real estate, says Christopher Heady, Asia-Pacific chairman and senior managing director, Blackstone Group.
Mindspace REIT lists at an 11% premium to its offer price
The premium listing will augur well for future investments in asset-backed financial products and commercial real estate in India, said fund managers.
Salarpuria Sattva to expand housing portfolio, plans three new projects, Rs 600 crore investment
He said the company targets to sell its ready-to-move-in residential units worth around Rs 1,300 crore across various projects over the next one and half year.These three projects, put together, will have around 1,200 units, including 500 plots. One of the project will be in the affordable housing category.
Prestige Estates Q1 results: Profit plunges 99% to Rs 1.6 crore
In the last financial year, the Bengaluru-based firm had posted a net profit of Rs 403.1 crore on a total revenue of Rs 8,243.3 crore.
Blackstone set to acquire Rs 12,745 crore of Prestige assets
It will be Blackstone’s single largest realty investment in the country and will also eclipse the $1-billion raised through listing of India’s two real estate investment trusts (REITs) — Embassy and Mindspace Business Parks.
Venture investors double their bets on faux meat startups
This year’s biggest funding deals included Beyond Meat rival Impossible Foods Inc., which raised $500 million to support expansion of its vegan burgers, and Swedish oat-milk maker Oatly AB, which raised $200 million this month in a deal backed by Blackstone Group Inc. that values the company at $2 billion.
Brookfield gears up for $500-700 million realty trust issue, likely to be the third with such offering
Large real estate portfolio owners are increasingly looking at monetising their assets and gearing up to list part of their holdings in India following the successful listing and performance of Embassy Office Parks, the maiden REIT.
Mindspace Business Parks REIT IPO to open on July 27, raise Rs 4,500 crore
The company is looking to raise up to Rs 4,500 crore and the price band is fixed between Rs 274-275 per unit. It will be the country’s second-ever REIT offering after Embassy Office Parks REIT in April 2019.