Blackstone to buy 40 pc stake in Kolte-Patil Developers for over ₹1,150 cr
1 week, 5 days ago

Blackstone to buy 40 pc stake in Kolte-Patil Developers for over ₹1,150 cr

Hindustan Times  

New Delhi, Mar 13 Global investment firm Blackstone will acquire a 40% stake in Pune-based realty firm Kolte-Patil Developers Ltd for ₹1,150 crore. Blackstone will acquire a 40 per cent stake in Pune-based realty firm Kolte-Patil Developers Ltd for ₹ 1,150 crore. Blackstone will launch an open offer to acquire an additional up to 26 per cent stake in the Kolte-Patil Developers Ltd. Bengaluru-based Sattva Group has 45 per cent shareholding in the KRT while global investment firm Blackstone has 55 per cent stake.

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Blackstone set to acquire up to 66% stake in Kolte Patil for ₹1,800 crore, marks entry into the housing market in India
1 week, 2 days ago

Blackstone set to acquire up to 66% stake in Kolte Patil for ₹1,800 crore, marks entry into the housing market in India

Hindustan Times  

Global investment firm Blackstone is set to expand its footprint in the Indian real estate market by acquiring up to a 66% stake for ₹1800 crore in Pune-based Kolte-Patil Developers as part of its strategy to diversify into the residential real estate segment. Global investment firm Blackstone is set to expand its footprint in the Indian real estate market by …

Blackstone to increase stake in THIS small-cap realty firm for ₹1,166 crore, sale triggers open offer
1 week, 4 days ago

Blackstone to increase stake in THIS small-cap realty firm for ₹1,166 crore, sale triggers open offer

Live Mint  

New York-based investment giant Blackstone Inc will acquire a 40 per cent stakeholding in Kolte-Patil Developers Limited, an Indian real estate firm, for ₹1,167.03 crore, according to an exchange filing. According to the BSE filing, the realty firm will allocate 14.29 per cent preferential shares to the investment giant, a deal worth ₹417.03 crore for the issuance of 1,26,75,685 or …

Indorama to pick up 24.9% stake in EPL Ltd from Blackstone for $220 million
1 month ago

Indorama to pick up 24.9% stake in EPL Ltd from Blackstone for $220 million

Live Mint  

Bengaluru: Indorama Ventures Europe will acquire a minority stake of about 24.9% in EPL Limited, a global specialty packaging company and manufacturer of laminated tubes, from private equity firm Blackstone for $220 million. Anand Kripalu, managing director and chief executive of EPL said, “This partnership has resulted in meaningful growth by increasing presence in emerging markets, focusing on sustainable tubes, …

BlueStone Jewellery files DRHP with SEBI to raise ₹1,000 crore via fresh issue, OFS; Check IPO details
3 months, 1 week ago

BlueStone Jewellery files DRHP with SEBI to raise ₹1,000 crore via fresh issue, OFS; Check IPO details

Live Mint  

BlueStone Jewellery filed preliminary draft papers with the capital markets regulator, the Securities and Exchange Board of India, on Thursday, December 12, 2024, to raise funds through an initial public offering. BlueStone Jewellery IPO Details According to the draft red herring prospectus filed to the market regulator, the proposed IPO of the country's second-largest digital-first jewellery brand combines a fresh …

Blackstone to sell entire 20.5% stake in Sona BLW: Report
2 years ago

Blackstone to sell entire 20.5% stake in Sona BLW: Report

Live Mint  

Blackstone will sell its whole 20.5% stake in Sona BLW Precision Forgings through a block transaction at a floor price of ₹400 per share, according to a report from CNBC. Blackstone, one of Sona BLW's promoters, owned 11,99,25,641 shares as of the December 2022 quarter, equaling a 20.50% stake in the company, according to shareholding data from the BSE. Singapore …

Blackstone picks up 37.5% in Aakash Educational Services for Rs 1,350 cr; plans to accelerate AESL’s push in online live tutoring
5 years, 4 months ago

Blackstone picks up 37.5% in Aakash Educational Services for Rs 1,350 cr; plans to accelerate AESL’s push in online live tutoring

Firstpost  

Blackstone, which last week received approval from the CCI for picking up 51% stake in Aakash Educational Services, is keeping options open to hike stake in the institute. New Delhi: Private equity firm Blackstone has picked up 37.5 percent stake in competitive examination preparation firm Aakash Educational Services Ltd for Rs 1,350 crore valuing the institution at $500 million, according …

Blackstone may buy Indiabulls Real Estate promoters' stake for around $1 billion through joint venture
5 years, 9 months ago

Blackstone may buy Indiabulls Real Estate promoters' stake for around $1 billion through joint venture

Firstpost  

Blackstone might buy promoters’ total 39 percent stake in Indiabulls Real Estate through a joint venture with Bengaluru-based realty firm Embassy Group New Delhi: US-based investment firm Blackstone may acquire Indiabulls Real Estate’s promoters’ stake at an estimated enterprise value of around $1 billion, sources said Thursday. Blackstone might buy promoters’ total 39 percent stake in Indiabulls Real Estate through …

Blackstone may buy Adani’s BKC property for ₹1,900 crore
6 years, 3 months ago

Blackstone may buy Adani’s BKC property for ₹1,900 crore

Live Mint  

Mumbai: Blackstone Group LP is in talks to acquire Adani Realty’s commercial office project at Mumbai’s Bandra Kurla Complex for around ₹ 1,900 crore, said two people aware of the matter. In March, Blackstone bought a 50% stake in Indiabulls’ flagship office properties in central Mumbai—One Indiabulls Centre and Indiabulls Finance Centre—for $730 million. The property is considered one of …

Blackstone to buy stake in Indiabulls’ office projects
6 years, 3 months ago

Blackstone to buy stake in Indiabulls’ office projects

Live Mint  

Bengaluru: Private equity firm Blackstone Group LP is close to buying around 50% stake in two commercial office projects of Indiabulls Real Estate Ltd in Gurugram, said three people familiar with the development, requesting anonymity. In November, Indiabulls had said that it was selling a stake in two Gurugram office projects, but had not disclosed the investor’s name or deal …

Blackstone unit sells 8% stake in Mphasis for about Rs1,440 crore
6 years, 10 months ago

Blackstone unit sells 8% stake in Mphasis for about Rs1,440 crore

Live Mint  

Mumbai: Private equity firm Blackstone Group LP on Monday sold an 8% stake in its portfolio company Mphasis Ltd for about Rs1,440 crore. Blackstone sold a total of 15.2 million shares through its unit Marble II Pte Ltd, bringing down its shareholding in the Bengaluru-based information technology services provider to 52% from 60%. In 2015, Blackstone sold 57% in India’s …

Blackstone to acquire HP’s 60% stake in Mphasis
8 years, 11 months ago

Blackstone to acquire HP’s 60% stake in Mphasis

Live Mint  

Mumbai: Blackstone India, the Indian arm of global private equity fund Blackstone Group L.P., on Monday said it will buy 60.5% stake in Bengaluru-based information technology services provider Mphasis Ltd. Blackstone will buy the shares from Hewlett Packard Enterprise at ₹ 430 per share. On 8 March, Mint had reported Blackstone’s plans to acquire a controlling stake in Mphasis Ltd …

Kolte-Patil Developers Q4 Net slumps 71.13 pc to Rs 13.02 cr
10 years, 10 months ago

Kolte-Patil Developers Q4 Net slumps 71.13 pc to Rs 13.02 cr

India TV News  

Mumbai: Realty player Kolte-Patil Developers today reported a 71.13 per cent decline in the net profit for the quarter ended March 31 to Rs 13.02 crore due to fall in sales. It had reported a net profit of Rs 45.1 crore in the corresponding quarter last fiscal.The Pune-based firm's total income during the period stood at Rs 171.12 crore against …

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