Sify's American depositary receipts rose 6.7 per cent in pre-market trading on Friday in the US. The company had a market value of about $484 million as of Thursday
Embassy has a long-standing partnership with Blackstone through their JV Embassy Office Parks, which has floated and listed a real estate investment trust (REIT)
Valued at $1.5 billion, this is one of the largest real estate deals in the country comprising the sale of 21 million square feet of assets
RMZ-Brookfield's and Prestige-Blackstone's (which is in the works), are multiple property deals that are taking place, sources said
Fate of PE firm's Rs 1,750-crore investment remains uncertain
According to media reports, Epsilon Bidco Pte. Ltd, a Blackstone entity which owns 75 per cent of Essel Propack, was looking to sell up to 23 per cent stake, to garner as much as $251 million
Global rivals go for joint ventures, plan to list investments by next year.
Blackstone will acquire 100 per cent control of around 20 million square feet of commercial space, including 16 million sq ft of ready and completely leased assets, the report said
The real estate investment trust will offer about Rs 1,000 crore of new shares while the founders will offer the remaining
Post this deal, Blackstone stake will come down by around nine per cent from around 55 per cent shareholding earlier.
An agreement between Ambani's Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month
Since March 25, realty advisory and brokerage the Anarock Group signed agreements for over Rs 250 crore of real estate of which just a little over 12% accounted for commercial property
Stephen Schwarzman talks to Pavan Lall about lessons from India, how he catches up on lost sleep and his formula to stay ahead of competition
The fund, CVC Capital Partners Fund VIII, will seek to invest in businesses mostly in Europe and North America
In the past two years, IBREL has sold commercial assets to Blackstone for around Rs 12,250 crore
The buyout firm also completed the sale of its 61% stake in Swedish property firm Hembla AB to German real estate company Vonovia SE for about $1.3 billion
Allcargo to become minority stake holder in its logistics park business
The REIT has roped in 13 bankers, including Morgan Stanley, CLSA, and Nomura for the issue.
The RBI seized control of Dewan Housing on Wednesday, stepping up efforts to contain the economic fallout from the nation's shadow banking crisis
Stephen A Schwarzman on why he is still bullish on India, how loss makes for the deepest learning's, and how corporate culture is the difference between winning and losing