Blackstone News

Markets

Blackstone joins Baring in wait to exit profitable India IT investment

Five years after Blackstone bought a stake in Mphasis, it is sitting on profits of 300% on investmentBaring has been struggling to find a buyer for its stake in Hexaware, even after 7 years of acquisition

2 min read8 Mar 2021
Companies

Blackstone, Brookfield seek yield with bet on India office reits

The attention is focused on the country’s office market, where low-cost call centers have made way for research laboratories that offer more stable clients and surer rents

3 min read9 Dec 2020
Companies

Global funds lap up office property in Bengaluru

RMZ and Prestige would use most of the sale proceeds to reduce debt and the rest to build and operate projects

2 min read20 Oct 2020
Companies

Blackstone ups India ante with L&T MF bid

Deal may be closed by 15 November if both sides agree on valuation

2 min read20 Oct 2020
Mutual Funds

Blackstone looks to buyout L&T Mutual Fund, expand India financial services play

The deal, if it goes through, will mark the first buyout of an Indian AMC by a foreign non-mutual fund companyL&T AMC, with 39 MF schemes, has assets worth around ₹63,057 cr as of the September quarter

3 min read19 Oct 2020
Industry

Prestige group agrees to sell certain office, retail assets and 2 hotels to Blackstone for ₹12K cr

Prestige group will utilise the fund raised through this monetisation to partly retire its debt and future expansion.US-based Blackstone has invested around $8 billion in Indian real estate

1 min read18 Oct 2020
Industry

Prestige to sell rental assets to Blackstone for $1.6 bn

The deal, which includes 14 million sq ft of completed assets and another 10 million sq ft of under-construction assets, is one of the biggest real estate portfolio acquisitions in the country

1 min read16 Oct 2020
Companies

Wall Street’s most exclusive club is getting smaller. Perks are getting better

Goldman Sachs will promote fewer partners this year and give them access to profits from its private investment funds.

3 min read7 Oct 2020
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News

Blackstone sells 23% stake in Essel Propack in block deal worth $252 mn

Blackstone had acquired 75% of Essel Propack on 22 August, 2019, for $470 million at Rs134 per share, from erstwhile promoters - the Essel Group and public shareholdersBlackstone will continue to own 52% in Essel Propack going forward and will not go below this level

2 min read18 Sep 2020
Companies

Blackstone to sell Essel Propack shares worth $251 mn

UBS Securities India Pvt Ltd and Systematix Shares & Stocks are managing the share saleThe promoter stake was purchased at a price of ₹134 a piece

1 min read17 Sep 2020
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