Page 2 - Blackstone

Blackstone-backed Kolte-Patil Developers' Q2 housing sales decline 13%

In Q2 FY26, the company sold an area of 0.86 million square feet (msf), down 17 per cent Y-o-Y but 2 per cent higher on a Q-o-Q basis

Brookfield to buy remaining stake in Oaktree for nearly $3 billion

Under the terms of the deal, Brookfield Asset Management and its parent Brookfield will fund roughly $1.6 billion and $1.4 billion of the purchase price, respectively

Blackstone to invest nearly ₹5,000 crore to develop data centre in MMR

Blackstone to invest ₹5,000 crore in 60 MW data centre in Chandivali; India DC sector set for exponential growth with AI, cloud, and 5G demand

Blackstone to acquire Pennsylvania gas power plant in $1 billion deal

US power demand is projected to reach record levels in 2025, driven by data centers for AI and cryptocurrency technologies, as well as higher residential and commercial consumption

KKR, Blackstone turn India into Asia's buyout HQ after China slow down

Seven global funds now have their Asia private equity heads or co-heads based in Mumbai, including Blackstone's Amit Dixit and KKR's Gaurav Trehan

Ventive Hospitality signs 7 new hotels with Marriott International

Atul Chordia, chairman and executive director, Ventive Hospitality, told Business Standard that all these hotels would be operational in four years, with 200 to 250 rooms being added annually

Blackstone's ASK to hire 70 bankers amid surge in India's wealth sector

ASK's private wealth unit aims to have 175 bankers by the end of March next year, up from about 105 now, Rajesh Saluja, chief executive officer and co-founder of the business said

PE firm Blackstone acquires South City Mall in Kolkata for ₹3.2K cr

Real estate services firm Anarock was the sole transaction advisor to the deal

Promoters, Blackstone invest ₹1,060 crore in Embassy Developments

The company received capital infusion through conversion of warrants, strengthening its equity base and supporting growth plans

Blackstone-backed firms invest ₹1,060 crore in Embassy Developments

NCL SG Holdings and Bellanza Developers convert warrants into equity, infusing ₹1,060 crore into Embassy Developments to support a ₹15,000 crore project pipeline

Blackstone to acquire TXNM Energy for $11.5 bn, bets on US energy demand

Blackstone sees TXNM as a sound long-term investment due to the stable, regulated returns and substantial capital requirements of grid modernisation and energy transition

ASK Investment Managers unveils new PMS fund under special opportunities

The minimum investment ticket size of the fund will be ₹50 lakh, and the firm is targeting to raise ₹1,000 crore from this portfolio

CCI clears Knowledge Realty's acquisition of Blackstone, Sattva entities

The Competition Commission of India on Tuesday approved IPO-bound Knowledge Realty Trust's acquisition of several entities affiliated with private equity major Blackstone and Bengaluru-based Sattva Group. Knowledge Realty Trust (KRT) is sponsored by real estate company Sattva Group and Blackstone. "The proposed combination comprises of direct and indirect acquisition by the Knowledge Realty Trust, acting through its manager, Knowledge Realty Office Management Services, formerly known as Trinity Office Management Services (acquirer REIT), of certain entities, some of which inter-alia belong to the Blackstone Group, some belonging to the Sattva Group and remaining held jointly controlled by Blackstone and Sattva Group," the regulator said in a release. Knowledge Realty Office Management Services is a Sebi-registered REIT engaged in the business of owning and/or operating a portfolio of rent or income-generating real estate assets and related income-generating assets. "Competition ...

Blackstone's Q1 profit rises on robust private equity, credit performance

Policy uncertainty under President Donald Trump, especially regarding tariffs, has led to choppy markets and dampened the appetite for deals

Blackstone-backed ASK gets Sebi approval to enter mutual fund business

Blackstone-backed ASK Asset & Wealth Management Group on Friday said it has received an in-principle approval from the markets regulator Sebi to start its mutual fund business. This development marks a significant step in ASK's expansion plans. The mutual fund offering will complement ASK's existing suite of investment solutions, which cover listed equity portfolio management, and wealth management, providing a broader range of opportunities for investors across segments. "We have received in-principle approval for entering the mutual fund business. India's investment landscape is evolving rapidly, and we see a tremendous opportunity to bring our research-driven, client-centric investment approach to a wider audience. "We are confident that with ASK's deep-rooted expertise and commitment to long-term wealth creation, and with our legacy of trust and performance, we will be able to offer differentiated products that cater to the diverse needs of investors. We look forward to ...

Blackstone floats open offer to acquire up to 26% in Kolte-Patil Developers

Global investment firm Blackstone has launched an open offer to acquire up to 26 per cent stake in Pune-based realty firm Kolte-Patil Developers Ltd from public shareholders for Rs 758.56 crore. Last week, Kolte-Patil Developers announced that Blackstone would acquire a 40 per cent stake in the company for Rs 1,150 crore, entering into Indian residential market after having a significant exposure in office, shopping mall, warehousing and date centre verticals of real estate. Blackstone affiliated firm will acquire a 14.3 per cent stake for Rs 417 crore through a preferential issue of equity shares and another 25.7 per cent stake from the promoters group for Rs 750 crore. In a regulatory filing on Monday, Kolte-Patil Developers informed that Blackstone Group affiliated firm BREP Asia III India Holding Co VII Pte Ltd together with Blackstone Real Estate Partners Asia III L P and Blackstone Real Estate Partners (Offshore) X.TE-F (AIV) L P have launched an open offer for acquisition of

Blackstone offers $1.2 billion for AkzoNobel's India paint business

Transaction expected to cost around $1.2 billion, say bankers

Blackstone to acquire 40% stake in Kolte-Patil Developers for Rs 1,166 cr

Kolte-Patil builds residential, commercial projects and has a presence in Pune, Bengaluru and Mumbai

India well placed to tackle Trump's tariff volleys: Blackstone CEO

Blackstone to invest $100 bn in India in future

South City Mall-Blackstone deal speculative, no urgency: Consortium partner

A major shareholder of South City Projects, the consortium behind Kolkata's iconic South City Mall, has downplayed recent reports of a potential USD 400 million deal with alternative asset manager Blackstone, describing it as "speculative". South City Projects is a consortium of prominent real estate developers like Merlin Group, Sureka Group, Emami Group, Park Chambers Group, and Shrachi Group. South City Mall is its flagship project. "It has been receiving offers from various funds, including Blackstone, Brookfield, Canadian Pension Fund, and Singapore's Temasek since 2020," a significant consortium partner who wished not to be quoted told PTI. "We have not approached anyone. Offers poured in from various funds and we have been evaluating those as part of our normal business practice. But it would be incorrect to assume that South City Projects is under any urgency to clinch a deal or that the company is in unmanageable debt," the consortium partner said. The shareholder emphasis