Blackstone Group

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Blackstone Group - Total results - 21
Coffee Day investigation reveals about Rs 2,000 cr missing from firm's accounts after death of VG Siddhartha; report likely to be released soon
Business

Coffee Day investigation reveals about Rs 2,000 cr missing from firm's accounts after death of VG Siddhartha; report likely to be released soon

Over a hundred-page draft report, which is expected to be released soon, mentioned about the financial transactions of Coffee Day and its dealings with dozens of private companies owned by Siddhartha.

Blackstone pays first tranche of Rs 150 cr for acquiring Coffee Day's technology park, remainder to be paid in a year
Business

Blackstone pays first tranche of Rs 150 cr for acquiring Coffee Day's technology park, remainder to be paid in a year

After Blackstone made the payment, it is expected that CDEL's working capital situation may improve and the majority of the proceeds may be utilised to bring down the overall debt of the company.

Blackstone Group all set to buy Cafe Coffee Day's Global Village Tech Park; firm's debt to come down by more than half post-deal
Business

Blackstone Group all set to buy Cafe Coffee Day's Global Village Tech Park; firm's debt to come down by more than half post-deal

Accordingly, Blackstone and South-based developer Salarpuria Sattva will acquire the 90-acre, technology park held by subsidiary, Tanglin Retail Realty.

Blackstone may buy out Indiabulls Real Estate's commercial properties for about 48 billion rupees
Business

Blackstone may buy out Indiabulls Real Estate's commercial properties for about 48 billion rupees

The deal, which will give the private-equity giant full control of the portfolio, is expected to be concluded over the next few weeks

Indiabulls Real Estate sells 50% stake in two office assets for Rs 464 cr in Gurugram to Blackstone
Business

Indiabulls Real Estate sells 50% stake in two office assets for Rs 464 cr in Gurugram to Blackstone

Earlier, Indiabulls had sold 50% stake in its two prime commercial assets in Mumbai to Blackstone for an enterprise value of Rs 9,500 crore.

From Q1 loss to talks of sale of airline, a timeline of Naresh Goyal-owned Jet Airways' turbulent journey
Business

From Q1 loss to talks of sale of airline, a timeline of Naresh Goyal-owned Jet Airways' turbulent journey

Jet Airways Ltd, the biggest full-service carrier in India, has been under dark clouds for the past few months.

Blackstone Group in talks to acquire stake in Jet Airways' frequent-flier loyalty program
Business

Blackstone Group in talks to acquire stake in Jet Airways' frequent-flier loyalty program

Jet Airways and its partner Etihad Airways will remain investors in Jet Privilege even after a potential Blackstone transaction

Indiabulls Real Estate to sell Chennai commercial assets to global private equity investor Blackstone Group for Rs 850 cr
Business

Indiabulls Real Estate to sell Chennai commercial assets to global private equity investor Blackstone Group for Rs 850 cr

Indiabulls Real Estate has executed a definitive agreement with global private equity investor Blackstone Group to sell its commercial assets in Chennai for Rs 850 crore

French BPO Teleperformance, US tech major Convergys and three others are vying to acquire Intelenet
Business

French BPO Teleperformance, US tech major Convergys and three others are vying to acquire Intelenet

Five firms have been shortlisted as potential suitors for Intelenet after non-binding bids were tabled in April.

Toshiba to buy back 10% stake in Westinghouse unit for $522 mn, takes full ownership of bankrupt US unit
Business

Toshiba to buy back 10% stake in Westinghouse unit for $522 mn, takes full ownership of bankrupt US unit

A successful sale would reduce the financial hit to Toshiba caused by Westinghouse’s failure.

Blackstone Group to sell NY skyscraper for $2.25 billion
Real estate

Blackstone Group to sell NY skyscraper for $2.25 billion

Blackstone Group LP has reached an agreement to sell a skyscraper in Manhattan for $2.25 billion, sources close to the financial operation said.

Value investor Nygren bullish on Apple, still avoiding Dell
News & Analysis

Value investor Nygren bullish on Apple, still avoiding Dell

William Nygren, a top manager at Oakmark Funds, said on Wednesday he remains bullish on Apple and Bank of America, but is still avoiding Dell in light of the company's plans to take the computer maker private...

Blackstone drops out of race to buy Dell
News & Analysis

Blackstone drops out of race to buy Dell

There appears to be one less bidder pursuing an acquisition of slumping personal computer maker Dell...

Dell board considers 2 new offers from Blackstone, Carl Icahn
News & Analysis

Dell board considers 2 new offers from Blackstone, Carl Icahn

Dell Inc says a special committee of board members has determined the bids from buyout specialist Blackstone and Icahn could be superior to a proposal from Dell and Silver Lake Partners to buy the Texas company for $13.65 per share.

Dell board considers 2 new offers from Blackstone, Carl Icahn
Investing

Dell board considers 2 new offers from Blackstone, Carl Icahn

Dell Inc says a special committee of board members has determined the bids from buyout specialist Blackstone and Icahn could be superior to a proposal from Dell and Silver Lake Partners to buy the Texas company for $13.65 per share.

Blackstone asks Oracle chief Hurd if he wants to run Dell
News & Analysis

Blackstone asks Oracle chief Hurd if he wants to run Dell

Blackstone Group, which is weighing an offer for Dell, is making an aggressive push to recruit Oracle Corp President Mark Hurd

Blackstone plans succession, grooms six execs for Schwarzman's job
Business

Blackstone plans succession, grooms six execs for Schwarzman's job

Even though Schwarzman has no plans to retire, the appointment of Joe Baratta, a 41-year-old dealmaker credited with building up the firm's European buyouts practice, was the latest step in a wider succession plan, Blackstone insiders said.

RCom in talks with Blackstone, Carlyle to sell tower unit
Business

RCom in talks with Blackstone, Carlyle to sell tower unit

Reliance has hired UBS and sought $5 billion for the tower business, but potential bidders had expressed concern about Reliance's valuation being at least $1 billion too high.

Sit Tight: India valuations better than several countries
Economy

Sit Tight: India valuations better than several countries

Punita Kumar Sinha, senior managing director of the Blackstone Group, says the pullback in Europe and the US is not durable and India could be the one outperforming.