Page 2 - Blackstone Group

Indian commercial realty expands footprint, continues to defy global odds

Attracting investments from private equity firms even as the Western markets are witnessing a slowdown

Blackstone to invest $2 bn annually in India with primary focus on infra

PE major wants India to expedite M&A clearances and enhance commercial dispute resolution

Blackstone plans to invest $25 billion in India private equity asset

The New York-based firm also intends to bring on 20 more investment professionals to its asset management business in India and double its office space in Nariman Point in downtown Mumbai

ASK Hedge Solutions aims to raise Rs 3,000 cr in maiden long-short NFO

The NFO (New Fund Offering) is an open-ended Category III Alternative Investment Fund, aiming to raise Rs 3000 crore with approx. Rs 1,000 crore over the next 6 months.

Blackstone CEO Steve Schwarzman collected $896.7 million last year

Blackstone slowed its pace of cashing out of deals last year, as would-be buyers stayed on the sidelines and high interest rates curbed valuations

Blackstone likely to acquire Carlyle stake in Bharti data centre arm

Bharti data centre valued at Rs 10,000 cr

Blackstone exits Embassy REIT; sells entire 23.5% stake for Rs 7,100 cr

Global fund Blackstone has sold its entire 23.5 per cent stake in Embassy Office Parks REIT for around Rs 7,100 crore through block deal on stock exchanges, sources said. The company sold its units at around Rs 316 per share, sources said. Some of the existing unitholders have participated in the block deal. SBI Mutual Fund is a new investor, they added. Embassy Office Parks REIT is India's first Real Estate Investment Trust (REIT) sponsored by global investment firm Blackstone and Bengaluru-based realty firm Embassy group. It got listed in 2019 after raising around Rs 5,000 crore through public issue. Last year, Blackstone raised around USD 325 million (about Rs 2,650 crore) by selling its shares in Embassy Office Parks REIT. Post this deal, Blackstone's stake came down to 24 per cent from around 32 per cent earlier. Embassy REIT owns and operates a 45.3 million square feet portfolio of nine infrastructure-like office parks and four citycentre office buildings in Bengaluru, Mumb

Blackstone's Q3 profit drops 12% on weak asset sales, misses estimates

Blackstone said its net profit from asset sales fell 36% to $259.4 mn, weighed down by higher interest rates and geopolitical tensions

Blackstone in discussion with Disney to acquire India streaming, TV assets

Sources said that there is still no guarantee that negotiations between the two will result in a transaction

Allcargo Logistics arm to sell stake in logistics parks to Blackstone

"This transaction will result in significant cash proceeds and provide for growth plans of the company, formerly known as Transindia Realty & Logistics Parks Limited," it said

Blackstone buys International Gemological Institute at $570 mn valuation

Founded in 1975 in Antwerp, IGI is a global leader in independent certification of diamonds, gemstones and jewellery, with a global footprint of 29 laboratories

Blackstone to pay up to $550 million to acquire diamond grading firm IGI

Blackstone, the world's largest private equity firm is likely to sign an agreement with Fosun and IGI's other shareholders by the end of this week

Nexus Select Trust to raise Rs 3,200 crore through IPO next week

The Nexus Select Trust has a retail portfolio of over 3,000 stores, a total occupancy rate of 95 per cent and an annual footfall of over 130 million shoppers

Ed-tech firm Simplilearn plans acquisitions, expansion amid funding winter

Blackstone-backed company plans 40% growth in FY24 to turn profitable, says senior executive

Blackstone sells entire 20.5% stake in Sona BLW; stock tanks nearly 7%

HDFC Bank, Singapore's GIC and Societe Generale among buyers of about 120 mn shares; analysts say Blackstone exit removes a key overhang for the Sona stock

Blackstone group entity gets Delhi High Court relief in income tax case

Delhi HC sets aside reassessment proceedings, asks revenue dept to re-examine the issue

R Systems zooms 20% on Blackstone's open offer to acquire majority stake

Blackstone has made an offer for acquiring up to 57.17 million equity shares, representing 48.33 per cent of R Systems equity, at Rs 245 apiece.

Blackstone's Q3 profit falters as rising interest rates chill dealmaking

Distributable earnings in the quarter ended Sept 30 fell 16% to $1.37 billion, Blackstone reported on Thursday

Kotak Realty Fund buys 4.9% stake in Embassy REIT for Rs 1,600 crore

Blackstone Group sold its 4 per cent stake in Embassy REIT to mop up Rs 1,301 crore, data provided by stock exchanges showed.

Blackstone to sell $400 mn stake in REIT Embassy, ADIA eyes investment

Abu Dhabi's sovereign wealth fund, one of the world's largest, is likely to pick up at least half of the stake that Blackstone is to sell, one of the sources said