Prestige Estates is looking to sell the assets to reduce debt and generate liquidity via the Blackstone deal
The US private equity group is in advanced talks to acquire Prestige Estates Projects' rent-yielding assets including offices and operating malls
Some $1-1.5 billion annual inflows in NBFC space likely to be impacted with RBI move
It will be one of the largest such LRD refinancing by a bank in commercial properties in recent years, said sources
Blackstone sold 23 per cent stake in Essel Propack, one of the largest manufacturers of laminated tubes used mostly by FMCG and pharma companies
Parent to seek $1 billion valuation from unit sale
Japan's largest pharmaceuticals company has been selling its over-the-counter (OTC) assets worldwide
Takeda Pharmaceutical Co is selling its subsidiary in Japan focused on consumer healthcare to US investment fund Blackstone Group.
CEO Stephen A Schwarzman spoke to Pavan Lall in a video chat about the future of commercial realty in India, recovery from a global recession, India's return to growth path, Covid-19 vaccine and more
Bengaluru-based realtor has over 30 mn sq ft of offices and over five mn sq ft of malls under various stages of development
This additional 2.6 million square feet of space is in the early stages of construction and will be a part of its existing integrated business parks and campuses
Post this deal, Blackstone stake will come down by around nine per cent from around 55 per cent shareholding earlier.
The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today
The secondary placement of units in a price band of Rs 340-350 apiece is at a discount of 3.7-6.4 per cent to Tuesday's closing price of Rs 363.55 on the National Stock Exchange.
The partnership will help Allcargo's growing third-party logistics business into which it had invested around Rs 1,000 crore
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 price represents an almost 100% premium to the HK$3.03 average price of SOHO China's shares in January.
Schwarzman spoke to Pavan Lall, and fielded questions on concerns about the coronavirus, the next few quarters for the world economy, and doing business in India
Global investors have bet big on malls in the country due to fixed rental income and low risk involved
Awards announced for nine other categories; Adi Godrej gets Lifetime achievement award