[ad_1] Blackstone’s planned acquisition of 66% equity in Pune-based realtor Kolte Patil Developers deserves more attention than perhaps it has drawn so far. The reason is that while private equity investors have been quite active in India in commercial and industrial real estate, this signals Blackstone’s direct involvement in the housing sector as a developer. […]
Top stories: Nifty slips 1% this week, Patanjali enters insurance, Tesla’s Make in India plans uncertain & more – CNBC TV18
[ad_1] This week, markets struggled as IT stocks dragged the Nifty lower, while IndusInd Bank faced a fresh target cut from CLSA. Blackstone made its first bet on Indian residential real estate with a ₹1,800 crore investment in Kolte-Patil, and Patanjali Ayurved entered the insurance sector with a stake in Magma General Insurance. Tesla may […]
Blackstone fund to invest ₹1,800 crore in Kolte-Patil; its first bet on residential real estate – CNBC TV18
[ad_1] Blackstone Group, one of the world’s largest alternative investment firms, will invest ₹1,800 crore in Kolte-Patil Developers. This will be Blackstone’s first bet on residential real estate. Blackstone will acquire a 14.3% stake in Kolte Patil Developers through a preferential allotment route. The acquisition will be conducted via BREP Asia III India Holding Co, […]
Temasek set to invest ₹8,000 crore in Haldiram, valuing firm at $10 billion – CNBC TV18
[ad_1] Singapore sovereign wealth fund Temasek is likely to soon reach final agreements to pick up a minority stake of around 9% in Haldiram Snacks Foods Private Limited, the combined FMCG business of the Delhi and Nagpur families of the Indian multinational snacks and savoury foods giant, for around ₹8,000 crores, multiple industry sources in […]
Blackstone ropes in Morgan Stanley for sale of controlling stake in packaging firm EPL – CNBC TV18
[ad_1] Blackstone has engaged top investment bank Morgan Stanley as an advisor as the private equity giant looks to sell its majority stake in listed portfolio firm and leading global speciality packaging company EPL Ltd (formerly Essel Propack), three persons in the know told Moneycontrol on the condition of anonymity. Company Value Change %Change On […]
Aster DM announces merging Blackstone-backed Quality Care India with itself via share swap – CNBC TV18
[ad_1] In confirmation of a CNBC-TV18 newsbreak, Aster DM Healthcare has announced a merger with Blackstone-backed Quality Care India Ltd. through a share swap ratio. As per the merger, Aster DM will allot 1.86 crore shares of itself to acquire 1.9 crore shares of QCIL held by BCP Asia II TopCo IV Pte. Ltd. and […]
October 2024 recorded PE/VC investments worth $4.7 billion; startup investments decline by 50%: EY-IVCA Report – CNBC TV18
[ad_1] Private equity/venture capital (PE/VC) investments in October 2024 were 40% higher than in September 2024, as per a report by EY-IVCA. October recorded $4.7 billion in PE/VC investments, 4% higher than investments in October 2023. The number of deals in October 2024 was 21% higher year-on-year, with 91 deals compared to 75 in October […]
Blackstone exploring options for strategic review of portfolio firm EPL; majority stake sale brewing – CNBC TV18
[ad_1] Private equity major Blackstone is exploring options for a strategic review of its portfolio firm, EPL Ltd (formerly called Essel Propack), the world’s largest speciality packaging firm, and has seen preliminary inbound interest from potential suitors, four persons in the know told Moneycontrol on the condition of anonymity. “The considerations are at a very […]