Page 3 - Blackstone Group

Indiabulls Real Estate sells properties to Blackstone for Rs 2,700 crore

Indiabulls Real Estate has sold a 50 stake in Indiabulls One Centre and Indiabulls Finance Centre in the Lower Parel area of Mumbai and a commercial property in Gurugram to Blackstone

'Blackstone may buy out Indiabulls' commercial properties for Rs 4,800 cr'

The PE firm is expected to add the assets to the portfolio of Embassy Office Parks Real Estate Investment Trust, its joint venture with Bengaluru-based realty developer Embassy Group

Mphasis on detail: How Blackstone brought the spunk back in Indian IT firm

Did Blackstone find a missing formula, or had Mphasis's former owner missed targets?

Blackstone completes acquisition of Aadhar Housing Finance Company

As part of the transaction, Blackstone has also infused Rs 800 crore primary equity capital into Aadhar to fund the company for future growth

Blackstone Group raises about $9.4 billion for Asia realty, PE funds

Blackstone's real estate business was founded in 1991 and has about $120 billion in capital under management

Blackstone acquires stake in Forum group's retail space for Rs 2.50 bn

Global private equity firm Blackstone Group has acquired a majority stake in one of the retail ventures promoted by the Forum Group. The PE firm has invested around Rs 2. 50 billion, which translates into about 75 per cent stake in retail space in Esplanade Mall by Forum Group in Bhubaneswar, according to sources close to the development. Forum Group, which is currently developing around three million square feet of retail space across east India, with an investment or about Rs 1400 crore, is in talks with Blackstone for investments in other retail projects as well. Forum Group is expecting to deliver about one million square feet of retail space every year over the next three years. In in recent past, Blackstone has been increasingly beefing up investments in retail real estate. Its investment in Forum is one of the first global PE investment in retail space in the east. "We will be delivering roughly one million square feet of retail infrastructure development every year for the ...

Blackstone gets bids from top global investors for Pune IT park

The investment firm had bought it from IDFC Alternatives in 2014

Blackstone looks to sell office assets in Noida and Pune

Feelers had already been sent to major fund managers and real estate developers: Sources

Blackstone Group set to buy retail space from L&T Realty for Rs 1,000 cr

Market sources said the deal could be valued at Rs 900-1,000 crore

Blackstone-backed Intelenet Global Services eyes $1-bn revenue by 2020

Business process outsourcing firm Intelenet Global Services aims to double its revenues to $1 billion by 2020 through acquisitions in digital technologies and on the back of deals from Blackstone portfolio companies. Private Equity investor Blackstone Group LP-backed back office services provider Intelenet has renewed its interest in driving growth through acquisitions growth after it saw an improvement in valuation. Blackstone had re-purchased India-based BPO operations of the UK's Serco Group Plc for nearly Rs. 2,558 crore in 2015, after four years of selling it. Intelenet, which primarily caters to banking and financial services, travel, and healthcare segments, generates nearly 70 per cent of its revenues from outside India. The $430 million (nearly Rs 2860 crore) BPO company said it has a better deal pipeline for the existing services for the next couple of years and beyond. "The revenue aspiration that we have is a combination of organic and inorganic play...Our inorganic ...

Blackstone a deal away from becoming No 2 mall operator

Buys 2 malls in Indore for Rs 1,200 cr; in final leg of talks to acquire project in Chandigarh

Blackstone JVs gear up for Reits; to file prospectus by December

Blackstone-Embassy group JV to file prospectus by September, and Blackstone-Panchshil by December

Blackstone to rebrand, revamp its malls

Blackstone acquired AlphaOne, which has malls in Ahmedabad and Amritsar