Page 10 - Blackstone

Blackstone invests over Rs 50 cr to redevelop a mile road stretch in Mumbai

The one mile area has safer pedestrian pathways and community spaces for residents, said the PE major that owns and manages assets worth over USF 60 billion in India

Blackstone exits Mindspace Business Parks REIT; sells stake for Rs 1,740 cr

The REIT owns quality office portfolios located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad, and Chennai

CCI approves Blackstone Group entity's 71.25% stake buy in ASK Investment

The Competition Commission of India on Monday approved the acquisition

Swiss firm Firmenich buys Blackstone's 10% stake in SH Kelkar for Rs 242 cr

Stake was sold at Rs 173 a share; SH Kelkar stock last closed at Rs 183.5, up 20%

Blackstone's Amit Jain jumps ship to rival Carlyle as India co-head of PE

At Blackstone, Jain sat on the boards of Essel Propack, Aakash Educational Services, Sona Comstar, Fino Payments Bank

Blackstone eyes as much as $10 billion for next big growth fund

In 2020, the value of growth equity deals hit a record $62.5 billion, according to data from PitchBook

A billion-dollar deal seals Blackstone buyout of visa outsourcing firm VFS

Company founded in India in 2001; now among its top 3 markets

VFS Global's India connection in focus as ownership changes hands

VFS Global, which is being acquired by Blackstone, was founded in Mumbai in 2001

In pictures: The five global CEOs who will interact with PM Modi today

Here's a quick look at these five names and the likely significance of their meeting.

Blackstone sells 57 mn units in Embassy Office Parks REIT for over Rs 2k cr

Global fund Blackstone has sold about 5.7 crore units in Embassy Office Parks REIT for over Rs 2,000 crore as part of its strategy to monetise part of its investment, sources said.

Blackstone buys TARC's warehousing asset in north Delhi for Rs 295 cr

Realty firm TARC Ltd on Monday said it has sold a warehousing asset in the city to global investment firm Blackstone for Rs 295 crore. TARC Ltd has said in a statement that it has completed the sale of its warehousing asset in North Delhi to BREP Asia II EIP Holding (NQ) Pte Ltd, an affiliate of funds controlled, managed and/or advised by Blackstone Inc (BREP). The total consideration of the deal is Rs 295 crore. TARC Ltd wants to focus on core development projects to unlock much higher value through its strategic and key land parcels in the national capital. The deal is in line with its strategy to become a debt-free company, develop its huge land bank and look for new developments in the National Capital Region, the statement said. TARC Ltd plans to use a part of the proceeds to fast track the residential projects, consolidating its strategy to develop higher yielding, future ready projects. The company is looking for similar opportunities with Blackstone and other global Funds

Blackstone to get access to ASK's pool of HNI clients, domestic debt market

Blackstone has bought 74 per cent in Advent International-backed ASK Group for about Rs 7,400 crore, reports said

Two Blackstone staffers win Rs 74 lakh in firm's charity contest

The award money will support Bal Gurukul, IDF's flagship project that provides supplementary after school education programmes to needy children

We are prioritising growth in direct business: Nitin Rakesh of Mphasis

In a Q&A, the executive director and CEO of the firm talks about growth drivers, demand scenario in direct business and supply side concerns

Blackstone doubles second quarter earnings on surging asset sales

Blackstone's shares rose 4.5% on Thursday morning, pushing its market capitalization to a record high of $131 billion, overtaking Goldman Sachs Group Inc, another Wall Street heavyweight

Blackstone doubles second quarter earnings on surging asset sales

(Reuters) - Blackstone Group Inc, the world's largest private equity firm, said on Thursday its second quarter distributable earnings nearly doubled year on year driven by a surge in asset sales across its real estate, private equity, credit and insurance businesses.

Blackstone's $250 mn to make Simplilearn world's top digital skills co: CEO

The firm, which is already global, will use the funding to double down in its primary markets such as the US and India and expand in Europe and LatAm

Blackstone to acquire majority stake in Simplilearn for $250 million

Simplilearn Solutions on Monday said Blackstone will acquire a majority stake in the edutech company for USD 250 million (about Rs 1,860 crore). Private equity funds managed by Blackstone have entered into a definitive agreement to acquire a controlling stake in Simplilearn Solutions, a statement said. Simplilearn founder and CEO Krishna Kumar said Blackstone is investing USD 250 million in the company. The previous investors - Kalaari Capital, Helion Venture Partners and Mayfield Fund - have exited now, but the management of Simplilearn remains the same and their stake will also remain unaffected, he told PTI. Details of the quantum of the stake being bought and valuation of Simplilearn were not disclosed. Simplilearn was founded in 2010 and the company has been profitable for the fourth year in a row. The platform offers over 100 programmes to help early to mid-career professionals acquire new-age digital skills across cloud, DevOps, data science, artificial intelligence and ..

Blackstone invests $250 mn in edtech firm Simplilearn, gets majority stake

Indian startup company offers more than 100 programmes to help early to mid-career professionals

Tiger Global-backed Bright Health raises $924 million in US IPO

Bright Health priced 51.3 million shares at $18 per share and had issued a targeted price range of $20 to 23