Aster coming together with Blackstone-backed Quality CARE will become one of the top three platforms in India, said Alisha Moopen, Deputy Managing Director of Aster DM Healthcare
Jersey Mike's Sub, a fast casual sub sandwich franchise, operates over 2,800 locations
Blackstone was eyeing a stake of 75 per cent in the business and had made a non-binding bid, but those talks did not materialise as Haldiram's is no longer keen to sell a big stake
The new buyout fund, Blackstone's third in Asia, will primarily focus on India with the largest percentage of capital allocated there
Firms such as KKR & Co, Blackstone Inc., and more recently Carlyle are expanding the roles of their top executives to oversee the region
Files DRHPs for Ventive Hospitality, IGI to raise funds via IPO
The transaction needs approval from the Australian Foreign Investment Review Board (FIRB), given the asset is being bought by overseas parties.
A deal hasn't been finalized and terms could change as talks continue, the people said. Representatives for Blackstone, Macquarie and PSP declined to comment
Global investment firm Blackstone on Friday sold 31.55 crore units in its REIT firm 'Nexus Select Trust' for around Rs 4,354.90 crore through a block deal on stock exchanges as part of a strategy to monetise real estate portfolio. Blackstone currently holds around 43 per cent stake in Nexus Select Trust, which is India's first real estate investment trust (REIT) backed by retail properties. According to exchange data, Blackstone sold 31.55 crore units in Nexus Select Trust at Rs 138 apiece, taking the total transaction value to Rs 4,354.90 crore. Domestic mutual funds, including ICICI Prudential Mutual Fund (MF), and HDFC MF picked up units of Nexus Select Trust. Among foreign companies, US-based financial services company Wells Fargo and Morgan Stanley acquired stake in the company while French asset management firm Carmignac bought units of the REIT firm, as per the data on the NSE. These entities acquired a total of 11.75 crore units or 7.76 per cent stake in Nexus Select ...
Global investment firm Blackstone plans to sell 33 crore units in its REIT firm 'Nexus Select Trust' for nearly Rs 4500 crore through a block deal on stock exchanges, according to sources. Blackstone currently holds around 43 per cent stake in Nexus Select Trust, which is India's first real estate investment trust (REIT) backed by retail properties. According to sources, Blackstone plans to sell 33 crore units in Nexus Select Trust at a floor price of Rs 135 apiece. Block deal is likely to happen on Friday. Blackstone intends to monetise its investment through this block deal. Post divestment of these units, Blackstonestake in Nexus Select Trust will come down to 21 per cent. Nexus Select Trust's portfolio comprises 17 shopping malls with a gross leasable area of 9.9 million square feet spread across 14 cities in India, two complementary hotel assets (354 keys) and three office assets with a Gross Leasable Area of 1.3 million square feet. Blackstone has sponsored three REITs in
Blackstone, together with consortium partners Abu Dhabi Investment Authority and Singapore's GIC, have been in discussions for several months with the Agrawal family members based in Delhi and Nagpur
Continues to be the largest shareholder
Valuation likely at $1.7 bn; Goldman Sachs, Everstone Capital looking to exit
Adani Realty's commercial project in MRealty'sbusy business district, the Bandra-Realty'smplex, comprises an offMumbai'sr of around 800,000 square feet
The sale would mark Blackstone's first major exit in South Korea, a market in which it established a locally-based team two years ago
Blackstone raised $34 billion of new capital, while unspent capital reached $191.2 billion. It declared a quarterly dividend of 83 cents per share
Blackstone also plans to invest another $400 million to improve the REIT's 76 rental housing communities, which are located in primarily coastal markets, the company said
Indiabulls Real Estate said its board has approved raising Rs 3,911 crore through the issuance of shares and warrants to investors, including the Blackstone Group and Embassy Group. Global investment firm Blackstone will invest Rs 1,235 crore, while the Bengaluru-based Embassy Group will infuse Rs 1,160 crore. After the conversion of the warrants, the Embassy Group will hold 18.7 per cent while Blackstone will own 12.4 per cent. In a regulatory filing on Friday, IBREL (Indiabulls Real Estate Ltd.) informed that the board has approved "fund-raise via preferential issue of equity shares and convertible warrants, on a private placement basis, for cash consideration, aggregating to approx. Rs 3,910.93 crore". The move is aimed at recapitalising its balance sheet and positioning the company for organic and inorganic growth purposes. These include capital expenditure for the completion of existing projects and new launches as well as proposed acquisitions, other working capital requirem
Attracting investments from private equity firms even as the Western markets are witnessing a slowdown
PE major wants India to expedite M&A clearances and enhance commercial dispute resolution