Sensex 26988.24 120.69 0.45%
Nifty 8066.65 38.95 0.49%
US private equity firm Blackstone has inked India's biggest commercial real estate acquisition deal, which will give it 50% stake in a Bangalore builder-owned portfolio of three business parks for $200 mn, according to reports.
Reports stated that the deal beats Citigroup's acquisition of a Mumbai office building earlier this year for Rs 9.85bn.
Blackstone, which invests in realty firms, has bought stake in an SPV comprising three commercial properties totalling over 10 million sq ft Embassy Golf link and Manyata Embassy Business Park in Bangalore and Embassy Tech Zone in Pune, reports said.
India Infoline Research Team / 08:59, Sep 02, 2014
The indices are expect to open on a positive note. Some profit booking could always set in later in the day.