Blackstone, Brookfield, Allianz make ₹2,000-crore bid for the property
Prestige will sell 85-87 per cent in its nine operational malls to Blackstone in places such as Bengaluru, Mysuru, Mangaluru, and Hyderabad
The company closed its first Asian private equity fund at about $2.3 billion in 2018
The total portfolio is expected to be around 21 million square feet (mn sq ft) of completed and under construction projects, said CMD Razack
Indian company plans to build twice the amount of commercial property space it is selling to the global fund manager.
The Blackstone-backed Reit is looking at an asset size of anywhere between 2 million square feet to 10 million square feet for acquisitions
Prestige Estates is looking to sell the assets to reduce debt and generate liquidity via the Blackstone deal
The US private equity group is in advanced talks to acquire Prestige Estates Projects' rent-yielding assets including offices and operating malls
Some $1-1.5 billion annual inflows in NBFC space likely to be impacted with RBI move
It will be one of the largest such LRD refinancing by a bank in commercial properties in recent years, said sources
Blackstone sold 23 per cent stake in Essel Propack, one of the largest manufacturers of laminated tubes used mostly by FMCG and pharma companies
Parent to seek $1 billion valuation from unit sale
Japan's largest pharmaceuticals company has been selling its over-the-counter (OTC) assets worldwide
Takeda Pharmaceutical Co is selling its subsidiary in Japan focused on consumer healthcare to US investment fund Blackstone Group.
CEO Stephen A Schwarzman spoke to Pavan Lall in a video chat about the future of commercial realty in India, recovery from a global recession, India's return to growth path, Covid-19 vaccine and more
Bengaluru-based realtor has over 30 mn sq ft of offices and over five mn sq ft of malls under various stages of development
This additional 2.6 million square feet of space is in the early stages of construction and will be a part of its existing integrated business parks and campuses
Post this deal, Blackstone stake will come down by around nine per cent from around 55 per cent shareholding earlier.
The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today
The secondary placement of units in a price band of Rs 340-350 apiece is at a discount of 3.7-6.4 per cent to Tuesday's closing price of Rs 363.55 on the National Stock Exchange.