July 2012
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Blackstone eyes biggest realty deal

Blackstone Group is set to acquire 36% ownership in the tenanted office space portfolio of southern developer Embassy Property Developments for about $230 million (Rs 1,300 crore), said bankers close to the transaction. This will be Blackstone’s biggest real estate deal in India, giving it part ownership of more than 12 million sqft office towers housing prominent technology names that drive the outsourcing economy.

Embassy, one of the top business park builders in the country, is demerging the FDI […]

July 15th, 2012

Private equity investments drop 34% in June quarter: Venture Intelligence

Private equity investments dipped 34% in the June quarter compared to the same period last year. PE firms invested $1,848 million acorss 102 deals during the April-June quarter, said PE/VC tracker Venture Intelligence in its latest report. Investments dropped 34% from $2,798 million across 126 transactions in the year-ago period. The largest transaction during the period was Morgan Stanley Infrastructure Partners’ investing Rs 1,200 crore in Continuum Wind Energy, a Singapore-headquartered developer of wind assets in India. Close on the […]

July 15th, 2012

Private equity fund Temasek keen on India, but cautious

India still remains a promising economy for Temasek even though the PE fund’s investment has dropped in the past one year, said Rohit Sipahimalani, co-chief investment officer and head, India, and co-head, the Middle East.

“There’s a lot of uncertainty, but times like these also create opportunities. We will take advantage of the uncertainty, but will remain cautious,” Sipahimalani said.

In January, Temasek picked up a 4.9 per cent stake in Godrej Consumer Products for Rs 685 crore. […]

July 15th, 2012