Reported about 9 hours ago
Blackstone, a U.S. investment firm, announced its acquisition of a 40% stake in India's Kolte-Patil Developers for approximately 11.67 billion rupees ($134 million). This deal includes preferential shares and additional stakes from controlling shareholders, also prompting an open offer for Blackstone to purchase up to 26% from existing shareholders. With a strong presence in India, Blackstone enhances its investment in the real estate sector, particularly in residential and commercial developments across major cities.
Source: YAHOO