Competition Commission approves Blackstone's ₹1,167 cr acquisition of 40% stake in Kolte-Patil Developers. Deal includes mandatory open offer, making Blackstone joint promoter with board control rights. Character count: 248 characters

Embassy Developments has secured ₹1,060 crore through equity infusion from its promoter group and a Blackstone-backed fund. The capital will support upcoming residential and commercial projects across key Indian cities.

Nexus Select Trust, backed by Blackstone, has acquired Vega City Mall in Bengaluru for ₹913 crore, marking its fourth retail acquisition in the city. This strategic move strengthens its position as the largest retail REIT in Bengaluru.

India's real estate investment trust (REIT) market grew 31% in 2023, the most in Asia-Pacific, despite a 7% fall overall the $252 billion Asian REIT industry. This increase bodes well for investors in India's young but growing REIT industry.

Nexus Select Trust, the Blackstone Group's retail arm, is poised to expand in India. The agreement to buy 1 million square feet of malls in Hyderabad from L&T Metro is valued at ₹1,100 crore. This massive purchase comprises the E-Galleria Mall in Moosarambagh, the L&T Metro Mall in Punjagutta.