Page 5 - Blackstone

New IPO! Blackstone-owned IGI India files DRHP with Sebi to raise Rs 4k cr

IGI IPO: With this initial public offering, the company is offering a fresh issue of shares worth up to Rs 1,250 crore and an offer for sale of Rs 2,750 crore of equity shares

Baseless, devoid of truth: Sebi chief, husband deny Hindenburg allegations

Short-seller says whistleblower documents have revealed Sebi Chairperson Madhabi Puri Buch had stake in obscure offshore entities used in Adani money siphoning scandal; Buch terms allegations baseless

Sebi, Chairperson Madhabi Puri Buch rebut Hindenburg Research charges

Find support from market participants; Adani group dubs latest report mischievous

Sebi vs Hindenburg: No relationship between Dhaval Buch, Blackstone's REITS

A decade ago, Sebi approved a long-pending proposal to introduce REITs in India, creating a new investment avenue for institutional investors, wealthy individuals, and eventually ordinary investors

Blackstone sells over 310 mn units in Nexus Select Trust for Rs 4,355 cr

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 ...

Blackstone to sell 330 mn units in Nexus Select Trust for nearly Rs 4500 cr

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

PE firm Blackstone likely to own majority in Aster-Care merged entity

While the unlisted Quality Care India is valued at around Rs 16,826 crore ($2 billion) by bankers, Aster DM Healthcare's total market valuation was Rs 18,424 crore as of Monday

LVMH-backed L Catterton seeks Sebi approval for Rs 4,000 crore India fund

US-based private equity firm L Catterton is likely to invest in India alongside its next Pan Asia dollar fund on a pro-rata basis

Blackstone Q2 results: Earnings rose 3% on private equity, credit gains

The New York-based investment firm's results underscore how a long spell of high interest rates has dragged down some aspects of its business while buoying others

Blackstone Inc in advanced talks to acquire controlling stake in Haldiram's

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

Sattva Group to invest Rs 12-14K cr in next 3 yrs to build infra projects

Realty firm Sattva Group will invest Rs 12,000-14,000 crore over the next three years to build housing, office and hotel projects and is in talks with PE major Blackstone to launch REIT for monetisation of commercial assets. Bengaluru-based Sattva Group is one of the leading real estate developers in India. It has completed 140 projects comprising 80 million square feet area in the last 30 years. Around 23 million square feet of area is under construction and 65 million square feet is in the pipeline. Addressing a press conference here, Sattva Group Managing Director Bijay Agarwal said, "We are very bullish on the real estate market. We will be investing Rs 12,000-14,000 crore over the next three years across residential, commercial and hospitality verticals." The investments will be funded through equity, debt and internal accruals, he said, adding that the company might raise equity funds at the project level if needed. Agarwal noted that the demand for the residential segment ha

Blackstone mops up Rs 6,736 crore from 15.1% stake sale in Mphasis

Continues to be the largest shareholder

Mphasis block deal: Stock slips 5% after nearly 30 mn shares change hands

Mphasis share price: While the buyers and sellers could not be ascertained, reports said BCP Topco, an affiliate firm of BlackStone, was the likely seller

How iconic Indian snack brand Haldiram's became a global investment target

Major foreign private equity firms like Blackstone, Bain Capital, and Singapore's Temasek seek up to 76% stake in the Indian food giant

Snack maker Haldiram's eyed by foreign investors like Blackstone, ADIA

Haldiram's was last year also an acquisition target for India's Tata Group, one of country's biggest conglomerates

Blackstone all set to buy Adani Realty's BKC office tower for Rs 2,000 cr

Adani Realty's commercial project in MRealty'sbusy business district, the Bandra-Realty'smplex, comprises an offMumbai'sr of around 800,000 square feet

Blackstone-backed Aadhar Housing Finance's Rs 3,000 cr IPO to open on May 8

The initial share-sale will conclude on May 10 and the bidding for anchor investors will open for a day on May 7, according to the Red Herring Prospectus (RHP)

Blackstone nears deal to sell S Korean pharma wholesaler to MBK Partners

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 reports 1% rise in 1st-quarter earnings on growth in fee income

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 to take Apartment Income REIT private in $10 billion deal

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