Blackstone to increase stake in THIS small-cap realty firm for ₹1,166 crore, sale triggers open offer
1 week, 1 day 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 1.26 crore shares. The other existing shareholders of Kolte-Patil Developers will also sell a 25.71 per cent stake in the firm to the US-based investment firm in exchange for ₹750 crore, a deal involving 2,27,96,353 or 2.27 crore shares, as per the BSE data. Kolte-Patil share price Kolte-Patil Developers shares closed 2.53 per cent higher at ₹347.15 in Thursday's trading session, compared to ₹338.60 at the previous market close.

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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
5 days, 20 hours 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 …

Coromandel International makes public offer to acquire 26% stake in NACL for ₹402 crore
1 week, 2 days ago

Coromandel International makes public offer to acquire 26% stake in NACL for ₹402 crore

The Hindu  

After announcing plans to acquire a majority 53% stake in NACL Industries, from a promoter, Murugappa Group company Coromandel International has made a mandatory open offer to acquire 26% from the public shareholders. The open offer is to acquire more than 5.24 crore equity shares of NACL Industries constituting 26% of the voting share capital at a price of ₹76.70 …

Blackstone to buy 40 pc stake in Kolte-Patil Developers for over ₹1,150 cr
1 week, 2 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 …

Indorama to pick up 24.9% stake in EPL Ltd from Blackstone for $220 million
3 weeks, 5 days 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, …

Stocks to buy under ₹100: Experts recommend five shares to buy today — 5 February 2025
1 month, 2 weeks ago

Stocks to buy under ₹100: Experts recommend five shares to buy today — 5 February 2025

Live Mint  

Stocks to buy under ₹100: The Indian stock market closed in the green after the indices rebounded on Tuesday despite concerns looming over weak quarterly earnings, foreign capital outflows, and uncertainty surrounding US President Donald Trump's trade policies. The BSE Sensex closed 1.81 per cent higher at 78,583.81 points, compared to 77,186.74 points in the previous stock market session. Stock …

Blackstone to invest $2 bn every year in India; wants quicker M&A clearances
11 months, 2 weeks ago

Blackstone to invest $2 bn every year in India; wants quicker M&A clearances

Hindustan Times  

Mumbai, Apr 3 Global private equity major Blackstone Group is confident of investing $2 billion annually in India, a top official said on Wednesday. "We plan to invest around $2 billion every year in India," its senior managing director Amit Dixit told reporters here. In the case of privatizing a listed entity, Indian regulations require the nod of over 90 …

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 …

Is Stock Market Closed Today? Know BSE, NSE, MCX Trading Timings on Mahashivratri
3 years ago

Is Stock Market Closed Today? Know BSE, NSE, MCX Trading Timings on Mahashivratri

News 18  

Equity, currency and derivatives markets will be closed for trading on Tuesday, March 1, on account of Mahashivratri. The exchanges will resume trading on Wednesday, March 2, 2022 after the Mahashivratri holiday On Monday, the key benchmark indices defied the weak global market trend and turned sharply higher on Monday as Russia and Ukraine began talks at Belarus border. On …

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 …

How Blackstone turned India into its most profitable market
7 years ago

How Blackstone turned India into its most profitable market

Live Mint  

Mumbai: Blackstone Group LP says it’s found the formula for making money in India, which has become its top-performing market globally after the firm began focusing on bigger buyout deals. India-focused funds of all vintages have seen median returns of 12.4%, according to Preqin Ltd. “Limited partners always used to complain that it’s easy to invest in India and hard …

BSE files IPO draft papers with Sebi, aims to raise Rs1,200-1,300 crore
8 years, 6 months ago

BSE files IPO draft papers with Sebi, aims to raise Rs1,200-1,300 crore

Live Mint  

Mumbai: BSE Ltd on Friday filed for its initial public offering that will see it list on larger rival NSE of the National Stock Exchange of India Ltd. Other shareholders who have offered to sell their shares include Atticus Mauritius Ltd, Mauritius investment arm Quantum Ltd, GKFF Ventures, Acacia Banyan Partners Ltd, Canada-based investor Thomas Caldwell’s Caldwell India Holdings Inc., …

Blackstone ups stake in MCX, buys 14.2 lakh shares for Rs 81 cr
11 years, 2 months ago

Blackstone ups stake in MCX, buys 14.2 lakh shares for Rs 81 cr

Firstpost  

Blackstone on Monday bought 2.79 percentstake in MCX for around Rs 81 crore, after the Forward Markets Commission gave the private equity giant its nod to hike holding in the commodity bourse to 4.99 percent. Mumbai: Blackstone on Monday bought 2.79 percent stake in MCX for around Rs 81 crore, after the Forward MarketsCommission gave the private equity giant its …

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