US-based private equity firm Blackstone, along with two Indian real estate firms, plans to buy Business Park in Bangalore at a price of $367 million (Approximately Rs.19.5 billion).
Blackstone aims to own Business Park in Bangalore.
US-based Blackstone plans to buy Bangalore Business Park for a sum of $367 million. The private equity major is in talks and is expected to buy the Business Park in Bangalore. The deal is said to be over within two or three months.
The Rs.19.5 billion deal is expected to be the largest ever private equity investment in India since 2008. Blackstone, along with HDFC and Embassy Realty group, will equally invest in the Business Park in Bangalore. The Business Park is located in the outskirts of Bangalore. Continue reading
Private equity major Blackstone has entered into final talks to buy Vrindavan Tech Village. The private equity firm expects to fix the deal for Vrindavan Tech Village, Bangalore for Rs.900 Cr.
Vrindavan Tech Village: On the verge to be bought by Blackstone.
Blackstone, a leading private equity Group, is in its final talks with the authorities of Vrindavan Tech Village. Bangalore-based Vrindavan Tech Village is one of the largest IT parks of the city. The deal is said to be fixed at an amount of nearly Rs.900 Cr.
The Private equity biggie has hit the news headlines with its dealings with many real estate developers. Blackstone recently had business-deals with DLF. Last year, it acquired DLF’s IT SEZ in Pune by paying Rs.810 Cr. Continue reading