Page 4 - Blackstone Group

Blackstone chief Schwarzman commits $5 mn to India in pandemic aid

The Wall Street-headquartered alternative investment management giant Blackstone on Wednesday announced a $5-million aid to help India to fight the raging coronavirus pandemic

On the verge of bankruptcy: How Cafe Coffee Day ground to a halt

After group company Sical Logistics was sent to NCLT, the listed company is next in queue

Numerology helped close Byju's deal: Aakash Educational's J C Chaudhry

JC Chaudhry, the chairman, and MD of Aakash Educational Services Limited (AESL) who is also a motivational speaker and numerologist said that he did the deal with Byju's based on numerology

Blackstone Group closes inaugural growth equity fund at $4.5 billion

Blackstone said the fund was oversubscribed, with capital commitments from family offices, entrepreneurs, endowments, strategic institutional investors, pension funds and high-net-worth individuals

Prestige Estates completes phase 1 of Blackstone deal; stock jumps 4%

The management said the company has a strong development pipeline of about 43 mnsft office and retail portfolio in the key locations across the cities

Prestige Estates sells assets worth Rs 7,467 crore to Blackstone Group

Prestige Estates Projects has completed phase one of the proposed transaction with Blackstone Group with enterprise value forming part of phase one at Rs 7,467 crore.The total enterprise value including phase two is Rs 9,160 crore as mentioned in the initial disclosure.Prestige said the overall transaction includes a 100 per cent stake sale in six completed office projects including a hotel and a 50 per cent stake sale in four under-construction projects. It will also include 85 per cent stake sale in nine shopping malls.Phase one of the transaction includes the sale of 12 assets comprising of completed retail, office and hotel assets. Phase two of the transaction is expected to complete by the end of next quarter."We believe that this transaction will further strengthen our foundation and help us in gearing up for the next level of growth," said Irfan Razack, Chairman of the Prestige Group."This transaction will also aid us in building a long-term strategic partnership with ...

Blackstone in talks to acquire a minority stake in Sify Technologies

Sify's American depositary receipts rose 6.7 per cent in pre-market trading on Friday in the US. The company had a market value of about $484 million as of Thursday

Blackstone in the final leg of talks to buy out Embassy Industrial Parks

Embassy has a long-standing partnership with Blackstone through their JV Embassy Office Parks, which has floated and listed a real estate investment trust (REIT)

$1.5-billion deal of Blackstone-Prestige Estates gets CCI approval

Valued at $1.5 billion, this is one of the largest real estate deals in the country comprising the sale of 21 million square feet of assets

GIC, Phoenix group start talks over Rs 800-crore office project deal

RMZ-Brookfield's and Prestige-Blackstone's (which is in the works), are multiple property deals that are taking place, sources said

Private equity firm Blackstone seeks clarity on Reliance-Future deal

Fate of PE firm's Rs 1,750-crore investment remains uncertain

Essel Propack sinks 6% as nearly 24% equity changes hands via block deal

According to media reports, Epsilon Bidco Pte. Ltd, a Blackstone entity which owns 75 per cent of Essel Propack, was looking to sell up to 23 per cent stake, to garner as much as $251 million

Blackstone, Brookfield plan investment trusts in India, strengthen assets

Global rivals go for joint ventures, plan to list investments by next year.

Prestige Estates surges 7% amid report Blackstone may acquire group assets

Blackstone will acquire 100 per cent control of around 20 million square feet of commercial space, including 16 million sq ft of ready and completely leased assets, the report said

Mindspace REIT plans to raise $599 million through IPO to pay debt

The real estate investment trust will offer about Rs 1,000 crore of new shares while the founders will offer the remaining

Blackstone sells Embassy Office Parks REIT units for Rs 2,270 crore

Post this deal, Blackstone stake will come down by around nine per cent from around 55 per cent shareholding earlier.

Mukesh Ambani nears deal to buy stake in some units of Future Group

An agreement between Ambani's Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month

Commercial realty holds firm for now, defaults expected from retail tenants

Since March 25, realty advisory and brokerage the Anarock Group signed agreements for over Rs 250 crore of real estate of which just a little over 12% accounted for commercial property

Coffee with BS: Blackstone's Schwarzman on how to stay ahead of competition

Stephen Schwarzman talks to Pavan Lall about lessons from India, how he catches up on lost sleep and his formula to stay ahead of competition

CVC seeks up to $22 billion for latest flagship buyout fund, says report

The fund, CVC Capital Partners Fund VIII, will seek to invest in businesses mostly in Europe and North America