Mindspace Business Parks REIT inches closer to IPO, revises draft prospectus
The company has updated the filing to reflect the new business environment.
Coffee Day Global appoints EY to scout for investment
Coffee Day Global, founded by the late VG Siddhartha, appointed EY Restructuring LLP to...
Pact for merger of Embassy Group's realty units with IBREL may be signed before July 15
In June 2019, the promoters of IBREL sold 14 per cent...
Blackstone, IIFL Wealth top bidders for L&T’s MF biz
IIFL Wealth has roped in Axis Capital to help with financing options for its bid
Global PEs, realty cos oppose 'force majeure' call as commercial complexes operational
Global private equity players with large portfolio of Indian office space and their local real estate partners are unlikely to heed to a growing chorus of companies and retailers asking for invocation of 'force majeure' clauses after the coronavirus pandemic disrupted economic activity.
Blackstone sells 8.7% stake in Embassy Office Parks REIT for $300 million
Blackstone continues to be big believer in India and its potential, says COO Jonathan Gray.
Blackstone to double down on India's commercial realty: Stephen Schwarzman, Chairman, Blackstone Group
In real estate, Blackstone is the largest owner in the world and in India. We specialise in office buildings. We are planning on doubling our investments in real estate. We are very happy here,” Stephen Schwarzman, chairman of Blackstone Group, said.
Embassy Office Parks to go ahead with dividend payout
Embassy Office Parks is the manager to Embassy Real Estate Investment Trust (REIT)
Prestige in talks with Canada Fund, others to raise $400 million
A precursor to the listing of firm’s REIT in 12-15 months, the exercise is expected to be concluded over the next three months.
Blackstone pumps Rs 525 crore in Mphasis to buy more stake
Blackstone has acquired 4.01% stake in Mphasis for about Rs 525 crore ($69 million) after its share price fell more than one-third from its year-high in mid-March in a widespread market sell off because of Covid-19
Blackstone-backed REIT sees India office demand dipping in 2020
Covid outbreak has led to businesses deferring decisions on whether to lease new space.
The parent trap: At ETGBS 2020, Blackstone Group boss talks of family love, passing on values; Gen VP Malik recalls skipping daughter’s wedding during Pokhran nuke tests
Stephen Schwarzman, and the former Army chief touched upon their roles as fathers and grandfathers.
Ex Blackstone official Punita Sinha set to join InCred Capital
Punita Sinha, wife of former aviation minister Jayant Sinha, will be the chief investment officer of InCred, which is looking to expand to a full-service financial services company from retail and MSME focused NBFC, multiple sources with knowledge of the matter told ET.
Coffee Day’s sale of tech park to Blackstone through
The group, founded by VG Siddhartha, kick-started the sale process in January first week.
Blackstone, Salarpuria acquire Coffee Day’s Park for ₹2,500 cr
The tech park is spread over 90 acres and falls under the Special Economic Zone (SEZ), owned by Tanglin Developments, a wholly-owned subsidiary of Coffee Day Enterprises. The firm is into development of technology parks in Bengaluru and Mangaluru.
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