Page 4 - Blackstone

Revenue from Blackstone channels can double in 3 years: Mphasis CEO

In Q&A, Nitin Rakesh dwells on business prospects, M&A opportunities and what Blackstone now brings to table

Blackstone closes in on warehousing developer Indospace for top spot

Logistics is one of Blackstone's core investment themes globally. Since 2010, Blackstone has acquired more than 1.2 billion square feet of logistics

Blackstone buys Embassy Industrial Parks from Warburg JV for Rs 5,250 cr

Embassy Industrial Parks is comprised of 10.6 million square feet of modern logistics and warehousing assets

Blackstone Group elevates India PE head Amit Dixit to head of Asia PE

Under Dixit, Blackstone did many big ticket deals in India, including a deal to acquire Piramal Glass from Ajay Piramal group at an enterprise valuation of Rs 7,500 cr

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

PE Player Blackstone bets big on Mphasis, to acquire additional 26% stake

Blackstone, Abu Dhabi Investment Authority, UC Investments and GIC to invest $2.8bn to acquire majority stake

Mphasis surges 6% as Blackstone to buy controlling stake in firm

Blackstone had bought around 61 per cent stake in Mphasis from Hewlett Packard Enterprise in 2016 in a deal worth up to $1.1 billion

Blackstone to buy controlling stake in Mphasis for up to $2.8 billion

Leading investment firm Blackstone on Monday announced to acquire a controlling stake in IT services firm Mphasis for up to $2.8 billion

ESR, GIC to buy Australian logistics property portfolio from Blackstone

Logistics real estate manager ESR Cayman Limited said it will join with Singaporean sovereign wealth fund GIC to buy an Australian portfolio from Blackstone for $2.9 billion

Embassy in talks with Blackstone to sell warehouse biz for Rs 1,800 crore

Realty firm Embassy group is in the advance stage of talks with global investment firm Blackstone to sell its warehousing and industrial parks business at an enterprise value of around Rs 1,800 crore

Embassy Group plans to explore more opportunities in warehousing

Embassy plans to use the funds from the deal as growth capital in its office and residential projects

Warehousing yields decline as global players race to invest in assets

Investors prefer warehousing assets because they are more stable than office properties, which were affected by the pandemic, said bankers involved in warehousing deals

Australia's Crown Resorts receives $6.2 billion proposal from Blackstone

Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from US private equity giant Blackstone, sending its shares 19% higher

Prestige concludes phase 1 of deal with Blackstone at Rs 7,467 cr

The Prestige-Blackstone deal is one of the largest real estate deals in the country

Top headlines: Blackstone-Sify deal, Wipro's Capco deal, and more

Business Standard brings you top news of the day

Blackstone in talks to acquire a minority stake in Sify Technologies

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

Mindspace REIT plans to raise up to Rs 450 cr through issue of securities

Mindspace Business Parks REIT on Thursday said the company plan to raise up to Rs 450 crore through the issue of debt securities. In a regulatory filing, the company informed that the decision will be taken at a meeting on March 9. "a meeting of the executivecommittee of the manager shall be held on Tuesday, March 9, 2021, to consider and approve raising of funds by Mindspace REIT through the issue of a debt security(ies) aggregating up to Rs 450 cores by way of the private placement," the filing said. The fund could be raised in one or more tranches. Mindspace REIT, promoted by K Raheja Corp and Blackstone, got listed on stock exchanges last year after launching a public issue of Rs 4,500 crore. It owns office portfolios located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad and Chennai. Mindspace REIT has a total leasable area of 29.5 million square feet. The portfolio consists of five integrated business parks and five quality independent office ass

Blackstone inks pacts for first phase of over Rs 9,000-crore deal

Realty firm Prestige Estates Projects on Tuesday said it has signed definitive agreements with global investment firm Blackstone to sell 12 assets/undertakings comprising completed office, retail and hotel properties in the first phase of Rs 9,160-crore deal. In November last year, the Bengaluru-based firm had signed term sheet to sell a large portfolio of completed as well as under-construction office, retail and hotel properties to Blackstone for an enterprise value of Rs 9,160 crore. The company will use the fund to retire its debt and future expansion. In a regulatory filing, Prestige Estates Projects informed that the company on Tuesday executed the asset specific agreements or definitive documents with 'BREP Acquirers' (Backstone entities) for sale of twelve assets/undertakings comprising of completed retail, office and hotel assets as Phase I of the proposed transaction. "Upon consummation of the transactions contemplated in the Definitive Documents, further intimation will

Embassy Reit to invest Rs 2,300 cr to develop 5.7 mn sq ft office space

Says it sees an opportunity in the drop in overall supply in Bengaluru due to liquidity crunch

Blackstone-backed Bumble set to be valued at more than $13 billion in debut

Shares of Bumble, were set for a more than 67% jump in their market debut on Thursday, indicating a valuation of over $13 billion for the operator of the dating app where women make the first move.