Knowledge Realty Trust, a joint venture between Sattva Group and Blackstone, filed a draft prospectus with capital markets regulator Sebi to raise as much as Rs 6200 crore, which will be India’s largest REIT IPO. Knowledge Realty Trust will be the largest REIT in India in terms of net operating income (NOI) and gross asset … Read more
ET Intelligence Group: Blackstone-promoted International Gemmological Institute (IGI) is India’s largest and world’s second largest certification provider for gems and jewellery. It is rolling out an IPO of ₹4,225 crore. Of the issue proceeds, ₹1,300 crore will be used for acquiring IGI Belgium and IGI Netherlands from the promoter. Business The company has 50% market … Read more
Rishi Anand, MD & CEO, Aadhar Housing Finance, says the timing of the election, as their bankers have suggested, does not matter too much. So, they have gone ahead with the listing. In the entire context of getting Sebi approval for IPO in 2022 and not going ahead with it and then coming back with … Read more
Asset manager Blackstone said on Monday it would take private rental housing firm Apartment Income REIT, known as AIR Communities, for $10 billion in cash, including debt. Under the deal, Blackstone will pay $39.12 for each share of the real estate investment trust, representing a premium of about 25% to its closing price on Friday. … Read more
Blackstone-owned Indian home loans provider Aadhar Housing Finance is targeting a $600 million-650 million initial public offering (IPO) at a valuation of up to $3 billion, two people with direct knowledge said on Tuesday. Private equity group Blackstone acquired Aadhar for about $300 million in 2019 as it bet on growing demand for affordable housing … Read more
“We have as you said 17 malls across the country and our ambition is really to grow this platform. We are very high conviction believers on the Indian consumption story and therefore we will look to aggressively sort of build this out. What do we think we can sort of grow this to, I do … Read more
Blackstone has sold its entire 20.5% stake in Sona BLW Precision Forgings for about Rs 4,916 crore via a block deal on Monday. Blackstone, through its subsidiary, Singapore VII Topco III Pte Ltd, offloaded about 11,99,25,641 shares at a price of Rs 410 per unit, according to the data available with the exchanges. The sale … Read more
MUMBAI: Kotak Realty Fund has invested $200 million or Rs 1,600 crore in India’s maiden Real Estate Investment Authority (REIT) Embassy Office Parks REIT. The fund has picked up stake in the REIT through a block deal that took place in early trade this morning, said persons with direct knowledge of the development. The transaction … Read more
According to the delisting laws, the company has one year or till September to submit the final application to the stock exchanges. Synopsis Allcargo had passed a special resolution last October to delist the company where the promoter group holds 70% stake. The delisting floor price was set at Rs 92.6. ET INTELLIGENCE GROUP: Analysts … Read more
MUMBAI: Sona BLV Precision Forgings, also known as Sona Comstar saw a muted response from investors on the first day of its Rs 5,500-crore initial public offering. The IPO was subscribed merely 11 per cent at the end of day one. At 5:00 pm, only 1,13,93,298 shares of the company received bids out of a … Read more