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Read more about Blackstone closes in on warehousing developer Indospace for top spot on Business Standard. Logistics is one of Blackstone s core investment themes globally. Since 2010, Blackstone has acquired more than 1.2 billion square feet of logistics
Indiabulls signs Rs 175 cr deal with Groww to exit mutual fund business
Groww will acquire Indiabulls Asset Management Company Limited and Indiabulls Trustee Company Limited (ITCL). The Rs 175-crore deal will include cash and cash equivalent of Rs 100 crore
BusinessToday.In | May 11, 2021 | Updated 20:27 IST
Indiabulls Housing Finance announced it will exit the mutual fund business to focus its management bandwidth and consolidate capital towards its core lending business. To this end, the housing finance company said it will sell its entire stake in mutual fund subsidiary to Nextbillion Technology, a part of the Groww Group, for a sum of Rs 175 crore.
Blackstone Real Estate acquires Embassy Industrial Parks in $700-m deal
May 11, 2021
Embassy Industrial Parks’ warehouses are located across major industrial hubs in India
In one of the largest logistics transactions in India, PE fund Blackstone on Monday announced that funds managed by Blackstone Real Estate have bought Embassy Industrial Parks from Warburg Pincus and Embassy Group in a $700-million (₹5,250 crore) deal.
Embassy Industrial Parks comprises 22 million square feet of Grade A logistics and warehousing assets located in urban centres catering to tenants in major sectors. Blackstone, in the first tranche, is to pick up 10.6 million square feet and the balance would be acquired in two weeks.