Business Standard

Blackstone eyes IPO filing for $2.5 bn in shopping mall portfolio: Report

Nexus Malls operates 17 shopping centers across 13 Indian cities and has about 10 million square feet of retail space, its website shows

Photo: Bloomberg
Premium

Blackstone is the biggest commercial real estate owner in India

Bloomberg
Blackstone Inc. is planning to file as soon as next month for an initial public offering of its Indian shopping mall portfolio that could raise about $500 million, people familiar with the matter said.
 
The private equity firm has been interviewing advisers for the Mumbai listing of a real estate investment trust, according to the people, who asked not to be identified because the information is private. Blackstone’s Indian retail portfolio, which is held through its Nexus Malls unit, could be valued at about $2.5 billion, the people said. The REIT could be listed as soon as 2023, they said.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 26 2022 | 11:52 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com