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Coffee Day Enterprises’ total default at Rs 433.91 cr in Jul-Sep quarter

This is lower than the June quarter when CDEL had reported a total default of Rs 440.25 croreNew Delhi: Coffee Day Enterprises Ltd (CDEL) on Thursday reported a total default on payments of loans' principal and interest amount of...

Blackstone acquires Prestige’s retail & commercial assets, concludes deal at $1.5 bn: Report

American investment management company, Blackstone Group, has concluded its $1.5 billion acquisition of realty developer Prestige Group’s commercial portfolio, including offices, retail malls and hotel assets, according to a report by the Economic Times.The deal will see Blackstone acquire over...

Blackstone acquires Prestige’s retail & commercial assets, concludes deal at $1.5 bn: Report

American investment management company, Blackstone Group, has concluded its $1.5 billion acquisition of realty developer Prestige Group’s commercial portfolio, including offices, retail malls and hotel assets, according to a report by the Economic Times. The deal will see Blackstone acquire over...

Nexus Malls awarded ‘Dream Employer of the Year’

In a year which was written off by the pandemic, Nexus Malls stood true the values of Care, Customer Centricity, Excellence and Innovation. In the 10th Edition of the World HRD Congress and Awards 2021 by Times Ascent, Nexus Malls...

Nexus Malls awarded ‘Dream Employer of the Year’

In a year which was written off by the pandemic, Nexus Malls stood true the values of Care, Customer Centricity, Excellence and Innovation. In the 10th Edition of the World HRD Congress and Awards 2021 by Times Ascent, Nexus Malls...

PE into Indian retail pauses in 2020 amid COVID-19, 2021 looks promising

Indian retail sector was one of the worst-affected due to COVID-19, which in turn impacted private equity investments into the retail sector in 2020. The year was almost dry for the retail sector in 2020 as against 2019 when...

Blackstone Group’s Rs 2,700 cr deal to buy Coffee Day techpark

Blackstone Group along with Salapuria Sattva Group has signed a definitive agreement to purchase the Global Village TechPark of debt-laden Coffee Day Enterprises' subsidiary Tanglin Development Ltd at an enterprise value of Rs 2,700 crore."The board has approved and...

Nexus launches first mall in India; to transform acquired malls by October end

Blackstone Group, world’s leading investment firm, has forayed into India’s retailing sector with its fully-owned subsidiary Nexus Malls. The group aims to transform the shopping experience of the Indian consumers. The group will own and manage shopping centers with...

US-based Blackstone Group acquires 50 pc stake in Pune's Westend Mall

In a landmark deal, international property consultancy JLL India has facilitated the sale of 50 per cent stake in Westend Mall in Aundh, Pune to US-based private equity player Blackstone Group. Post-acquisition of retail malls in Ahmedabad, Amritsar and Navi Mumbai last year,...

Blackstone invests $150 million in Nagarjuna Construction

Days after acquiring Bangalore-based Gokaldas Exports, the US-based Blackstone Group, one of the world's largest private equity firms, has decided to invest $150 million (Rs 615 crore) to acquire 12.2 per cent stake in Nagarjuna Construction Company Ltd (NCC)....
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Malabar Gold & Diamonds to open 10 new stores

The jewellery brand eyes the target of hitting 350 stores milestone globally this month New Delhi: Kozhikode-based Malabar Gold & Diamonds...
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