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  • Blackstone-backed Sona Comstar may launch Rs 5,500-crore IPO next week; biggest ever in auto components segment Jun 08, 2021 07:27 PM IST

    Blackstone-backed Sona Comstar may launch Rs 5,500-crore IPO next week; biggest ever in auto components segment

    In August 2019, Blackstone announced the merger of Chennai-based auto component firm Comstar, which it controlled, with Sunjay Kapur's Sona BLW to create Sona Comstar. Blackstone would hold a 65 percent stake in the firm and Kapur would hold 35 percent, according to the announcement. Balckstone’s housing finance portfolio company Aadhar Housing Finance has also filed a DRHP for a $1 billion IPO in 2021.

  • The big money is going vegan May 18, 2021 06:43 PM IST

    The big money is going vegan

    Oatly, a Swedish company, will sell shares to the public for the first time this week in an offering that could value it at $10 billion and exemplify the changes in consumer preferences that are reshaping the food business.

  • Blackstone Real Estate acquires Embassy Industrial Parks for Rs 5,250 crore May 10, 2021 05:16 PM IST

    Blackstone Real Estate acquires Embassy Industrial Parks for Rs 5,250 crore

    The deal would make Blackstone the biggest warehousing landlord and retail asset owner in India.

  • Blackstone India’s Amit Dixit elevated to Head of Private Equity (Asia) May 03, 2021 10:24 PM IST

    Blackstone India’s Amit Dixit elevated to Head of Private Equity (Asia)

    Amit Dixit, a Harvard Business School and IIT Mumbai alumnus has been with Blackstone India for 14 years. Previously, he was a Principal at rival private equity firm Warburg Pincus.

  • Blackstone betting big on India-its most profitable market May 03, 2021 08:32 PM IST

    Blackstone betting big on India-its most profitable market

    That apart it has two REITs, making it the largest owner of office, real estate and a leading player in the retail and logistics space.

  • Blackstone’s renewed commitment to Mphasis comes at a crucial juncture Apr 27, 2021 12:13 PM IST

    Blackstone’s renewed commitment to Mphasis comes at a crucial juncture

    Continuation of Blackstone as the primary shareholder will ensure business continuity at Mphasis whose agreement with an important customer will come up for renewal in 2021

  • Prestige Estates concludes Rs 74,670-mn deal with Blackstone Mar 10, 2021 08:35 PM IST

    Prestige Estates concludes Rs 74,670-mn deal with Blackstone

    Phase 1 of the transaction includes sale of 12 assets/undertakings comprising of completed retail, office and hotel assets, the company said

  • Blackstone acquires Prestige's office, retail assets for $1.5 billion: Report Mar 02, 2021 10:45 AM IST

    Blackstone acquires Prestige's office, retail assets for $1.5 billion: Report

    Blackstone will reportedly control 100 percent of the portfolio for Prestige Group's completed and under construction projects decided for the acquisition.

  • Blackstone CEO Stephen Schwarzman took home $610.5 million in 2020 Mar 01, 2021 09:55 PM IST

    Blackstone CEO Stephen Schwarzman took home $610.5 million in 2020

    Schwarzman, 74, received $86.4 million in compensation and $524.1 million in dividends from his Blackstone shares, a regulatory filing showed on Friday.

  • Blackstone to acquire Embassy Industrial Parks for Rs 5,250 crore: Report Feb 08, 2021 09:24 AM IST

    Blackstone to acquire Embassy Industrial Parks for Rs 5,250 crore: Report

    The deal would make Blackstone the biggest warehousing landlord and retail asset owner in India.

  • Bill Gates, Blackstone weigh $4.3 billion bid for Signature Aviation's private jet bases Jan 08, 2021 07:38 PM IST

    Bill Gates, Blackstone weigh $4.3 billion bid for Signature Aviation's private jet bases

    Microsoft Corp. founder Gates' Cascade, which owns 19 percent of Signature, is mulling to contribute his shareholding and top it up with cash to become a 30 percent owner. Under the Blackstone's $4.3 billion approach, Blackstone owns 70 percent of the bidding entity.

  • Blackstone-backed auto parts firm Sona Comstar targets Rs 4,000-crore IPO Jan 07, 2021 08:07 PM IST

    Blackstone-backed auto parts firm Sona Comstar targets Rs 4,000-crore IPO

    Sona Comstar is likely to file DRHP in February as 2021 is likely to see another listing from the Blackstone stable. The PE major has also begun work on an IPO by its housing finance portfolio company Aadhar Housing Finance.

  • Blackstone in talks to merge Alight with blank-check acquisition firm Dec 19, 2020 07:57 PM IST

    Blackstone in talks to merge Alight with blank-check acquisition firm

    The deal talks come more than a year after Blackstone cancelled an initial public offering (IPO) of Alight as it was about to raise up to $800 million, amid concerns that it would not fetch the terms it was seeking.

  • Blackstone-backed Embassy Office Parks approves launch of  $500-$600mn QIP; first ever by an REIT in India Dec 15, 2020 05:30 PM IST

    Blackstone-backed Embassy Office Parks approves launch of $500-$600mn QIP; first ever by an REIT in India

    Embassy Office Parks REIT is looking to raise between $500 million to $600 million to fund the recent acquisition of additional office assets to bolster the existing portfolio, according to sources

  • Blackstone inks deal to acquire Piramal Glass for $1 billion Dec 11, 2020 05:28 PM IST

    Blackstone inks deal to acquire Piramal Glass for $1 billion

    Blackstone has agreed for an upfront payment of $850 million to Piramal Group, following which it will take over the ownership and management of Piramal Glass. The remaining $150 million will be paid over 2 years.

  • Blackstone exiting Mphasis – what is in it for an investor Nov 24, 2020 09:25 AM IST

    Blackstone exiting Mphasis – what is in it for an investor

    A private equity fund exiting a business is no reflection on the company’s growth prospects. Nor will the exit necessarily be at the top

  • Prestige group to sell commercial projects to Blackstone for Rs 9,160 crore Nov 09, 2020 10:36 PM IST

    Prestige group to sell commercial projects to Blackstone for Rs 9,160 crore

    In October, Prestige Estates signed a non-binding letter of intent with Blackstone group entities for the sale of certain direct and indirect interest in certain commercial offices, retail and hotel properties, mall management and identified maintenance business.

  • Blackstone-backed Embassy Office Parks looks to raise $400- $500 million; first likely institutional placement by REIT in India Nov 09, 2020 09:28 PM IST

    Blackstone-backed Embassy Office Parks looks to raise $400- $500 million; first likely institutional placement by REIT in India

    In November 2019, Embassy Office Parks REIT had received a right of first offer invitation from Embassy Property Developments for the potential sale of assets in Embassy TechVillage in Bengaluru.

  • Blackstone-Panchshil Realty JV in early-stage talks for REIT IPO Oct 16, 2020 08:29 PM IST

    Blackstone-Panchshil Realty JV in early-stage talks for REIT IPO

    If the plan fructifies, this would be the third REIT IPO in India backed by Blackstone, after Embassy Office Parks and Mindspace.

  • KKR, Bain Capital and Blackstone in race for majority stake in Granules India Sep 24, 2020 10:07 PM IST

    KKR, Bain Capital and Blackstone in race for majority stake in Granules India

    Investment bank Kotak Mahindra Capital has been engaged by the promoters of Granules India to scout for buyers.

  • Blackstone sells 23% stake in Essel Propack in block deal worth Rs 1,860 crore Sep 20, 2020 09:10 AM IST

    Blackstone sells 23% stake in Essel Propack in block deal worth Rs 1,860 crore

    The sale was carried out in a block deal on September 18, where average share price was Rs 256.5

  • Blackstone CEO Stephen Schwarzman: 4 rules to pursue excellence Aug 23, 2020 05:42 PM IST

    Blackstone CEO Stephen Schwarzman: 4 rules to pursue excellence

    In an address to IIT graduates through a virtual meet, the founder, chairman and CEO of the world’s largest alternative asset investment firm highlights India’s tech dominance and rise of AI.

  • Mindspace Business Parks REIT IPO affirms appetite for Indian commercial real estate among global investors Jul 18, 2020 09:58 AM IST

    Mindspace Business Parks REIT IPO affirms appetite for Indian commercial real estate among global investors

    Considering the response from strategic investors to the Mindspace REIT and high returns from the Embassy REIT, more players may be encouraged to come forward. There may be one more REIT launched by the end of the financial year, say real estate experts

  • Blackstone stake sale in Embassy Office Parks REIT positive for commercial real estate: Experts Jun 24, 2020 10:05 PM IST

    Blackstone stake sale in Embassy Office Parks REIT positive for commercial real estate: Experts

    "Even in unprecedented times, large institutional investors are seeing value in committing significant incremental capital and that is a positive for India’s commercial real estate segment," said Anckur Srivasttava of GenReal Advisers.

  • Blackstone buys additional 4% stake in Mphasis for Rs 525cr: Report Apr 03, 2020 02:58 PM IST

    Blackstone buys additional 4% stake in Mphasis for Rs 525cr: Report

    Blackstone acquired about 7.48 million shares through its unit Marble II Pte during March 17-20

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