Blackstone Group

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

Edtech major Byju's Rs 1,500-cr payment to Blackstone by September-end

The most-valued edtech start-up made headlines earlier this month after its FY21 numbers received an unqualified report from the company's auditor, Deloitte Haskins & Sells

Blackstone eyes IPO filing for $2.5 bn in shopping mall portfolio: Report

Nexus Malls operates 17 shopping centers across 13 Indian cities and has about 10 million square feet of retail space, its website shows

Byju's to pay $1 billion for Blackstone-backed Aakash Educational Services

Aakash Educational Services runs Aakash Institute, which has over 200 brick and mortar centers and tutors students to gain entry into the country's elite engineering and medical schools

Global biggies KKR, Blackstone, Apollo to bid for Reliance Capital assets

A resolution plan for Srei Infrastructure Finance is currently under process

Blackstone bets on hunger for urgent delivery in Europe in $24-bn deal

Rather than list or seek a private sale, the US investor is opting to recapitalise Mileway, Europe's largest owner of last-mile logistics

AIG names new CFO with life and retirement unit split under way

Fitzsimons joined AIG in July 2019 and was most recently serving as the insurer's chief administrative officer

PM Modi meets Blackstone CEO Schwarzman, discuss investment potential

PM met Blackstone Group CEO Stephen Schwarzman and discussed promising investment opportunities in India, including those under National Infrastructure Pipeline and National Monetisation Pipeline.

Blackstone doubles second quarter earnings on surging asset sales

Blackstone's shares rose 4.5% on Thursday morning, pushing its market capitalization to a record high of $131 billion, overtaking Goldman Sachs Group Inc, another Wall Street heavyweight

Blackstone chief Schwarzman commits $5 mn to India in pandemic aid

The Wall Street-headquartered alternative investment management giant Blackstone on Wednesday announced a $5-million aid to help India to fight the raging coronavirus pandemic

On the verge of bankruptcy: How Cafe Coffee Day ground to a halt

After group company Sical Logistics was sent to NCLT, the listed company is next in queue

Numerology helped close Byju's deal: Aakash Educational's J C Chaudhry

JC Chaudhry, the chairman, and MD of Aakash Educational Services Limited (AESL) who is also a motivational speaker and numerologist said that he did the deal with Byju's based on numerology

Blackstone Group closes inaugural growth equity fund at $4.5 billion

Blackstone said the fund was oversubscribed, with capital commitments from family offices, entrepreneurs, endowments, strategic institutional investors, pension funds and high-net-worth individuals

Prestige Estates completes phase 1 of Blackstone deal; stock jumps 4%

The management said the company has a strong development pipeline of about 43 mnsft office and retail portfolio in the key locations across the cities

Prestige Estates sells assets worth Rs 7,467 crore to Blackstone Group

Prestige Estates Projects has completed phase one of the proposed transaction with Blackstone Group with enterprise value forming part of phase one at Rs 7,467 crore.The total enterprise value including phase two is Rs 9,160 crore as mentioned in the initial disclosure.Prestige said the overall transaction includes a 100 per cent stake sale in six completed office projects including a hotel and a 50 per cent stake sale in four under-construction projects. It will also include 85 per cent stake sale in nine shopping malls.Phase one of the transaction includes the sale of 12 assets comprising of completed retail, office and hotel assets. Phase two of the transaction is expected to complete by the end of next quarter."We believe that this transaction will further strengthen our foundation and help us in gearing up for the next level of growth," said Irfan Razack, Chairman of the Prestige Group."This transaction will also aid us in building a long-term strategic partnership with ...