17-September-2019
Corporate News
 
Blackstone set to buy rest of Indiabulls' commercial assets
11-Sep-2019

Blackstone Group has signed a term sheet to acquire the remaining 50% stake in IndiabullsNSE -0.49 % Real Estate’s commercial properties for over Rs 4,420 crore, said persons with direct knowledge of the development. Blackstone had concluded a similar deal for 50% of the portfolio for nearly Rs 4,750 crore in March 2018, marking one of the country’s largest such transactions in real estate.

News Source:- https://economictimes.indiatimes.com/industry/services/property-/-cstruction/blackstone-set-to-buy-rest-of-indiabulls-commercial-assets/articleshow/71073444.cms