Powered by: Motilal Oswal

News

Cipla up 3 % on reports of promoter stake sale Cipla stock price jumped more than 3 per cent on Friday after reports that Blackstone is in talks to buy out the promoter stake in the company. Last week, Cipla had clarified that the company is not aware of any event that requires disclosure under Listing Regulations. “The company will make appropriate disclosure in compliance with the Listing Regulations as and when any such requirement arises." it said in a filing. The clarification came regarding reports that ...
Cipla up 3 % on reports of promoter stake sale
Cipla up 3 % on reports of promoter stake sale
Source: IANS
4/08/2023 9:51:47 AM
Top shareholders of India's Cipla looking to sell stake Top shareholders of Indian drugmaker Cipla are in talks to sell a part of their stake in the company to private equity players including Blackstone and Baring Asia, Moneycontrol reported on Thursday. The company is not aware of any event that requires disclosure under listing regulations, Cipla said in a exchange statement. The drugmaker's shareholders are looking to sell a part of their total 33.47% stake in the firm to strategic investors who can oversee a revamp, help enhance cap...
Top shareholders of India's Cipla looking to sell stake
Top shareholders of India's Cipla looking to sell stake
Source: Reuters
27/07/2023 3:56:41 PM
Blackstone platform bets on Indian data binge, in talks with Microsoft, Amazon NEW DELHI - Blackstone is in talks with companies including Microsoft and Amazon to build Indian data centres for them to meet growing storage and processing demand, the CEO of its Lumina CloudInfra data centre platform told Reuters. COVID-19 created a shift in data consumption habits with more people working remotely and a spike in the use of social media, streaming platforms and e-commerce. This caused a "data explosion", said Anil Reddy, global CEO of Lumina, which is owned...
Blackstone platform bets on Indian data binge, in talks with Microsoft, Amazon
Blackstone platform bets on Indian data binge, in talks with Microsoft, Amazon
Source: Reuters
23/05/2023 7:42:40 PM
Blackstone acquires International Gemological Institute Private equity giant Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China's Fosun and the company's founding family. Blackstone acquired IGI- whose majority revenue and profits come from India- for about $530 million, said a person with direct knowledge of the matter. The statement said it had purchased an 80% stake from Fosun and 20% from the Lorie family. Blackstone declined to comment on the valuati...
Blackstone acquires International Gemological Institute
Blackstone acquires International Gemological Institute
Source: IANS
21/05/2023 5:51:15 PM
Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion India's Nexus Select Trust rose nearly 4% in their trading debut on Friday, giving the Blackstone Inc-backed retail REIT a valuation of 157.56 billion rupees ($1.93 billion). The company, better known as Nexus Malls, saw its units rise to 104 rupees, compared to the 100-rupees-a-unit price of its initial public offering (IPO), in which it raised 32 billion rupees. The IPO, the first-ever by an Indian retail REIT, comes as public floats show signs of recovery after volatile markets a...
Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion
Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion
Source: Reuters
19/05/2023 11:13:21 AM
Blackstone sells stake worth $450 mn in Indian firm IBS Software to Apax Global VC firm Blackstone on Monday reached a definitive agreement to sell its stake in the Kerala-based software-as-a-service (SaaS) provider IBS Software to global private equity firm Apax for $450 million. Following the transaction, Apax will partner closely with IBS Software's Founder and Executive Chairman, V.K. Mathews, who will remain the majority shareholder. Founded in 1997, IBS Software provides next-generation SaaS solutions that power the most mission-critical operations...
Blackstone sells stake worth $450 mn in Indian firm IBS Software to Apax
Blackstone sells stake worth $450 mn in Indian firm IBS Software to Apax
Source: IANS
15/05/2023 4:57:16 PM
Key Stock Ideas: Blackstone, GAIL, Pfizer, SVB - ARETE Securities Blackstone sells 20.50% stake in Sona BLW Precision for Rs 4,917 crore: Private equity firm Blackstone on Monday sold its 20.50 per cent stake in auto component maker Sona BLW Precision Forgings for Rs 4,917 crore through an open market transaction. Blackstone, through its affiliate Singapore VII Topco III Pte Ltd offloaded the shares in Sona BLW. Singapore VII Topco III Pte is a promoter entity in Sona BLW.Monetary Authority of Singapore, Government of Singapore, BNP Paribas Arbitrage,...
Key Stock Ideas: Blackstone, GAIL, Pfizer, SVB - ARETE Securities
Key Stock Ideas: Blackstone, GAIL, Pfizer, SVB - ARETE Securities
Source: ARETE Securities Ltd
14/03/2023 9:30:06 AM
Blackstone says India one of its best markets, plans infra investments- COO  India is one of Blackstone Inc's best-performing markets and will continue to be the private equity giant's biggest market in Asia, a top company executive on Tuesday, even as rising interest rates force investors to rebalance portfolios. The U.S-based firm, which manages nearly a trillion dollars in assets globally, is bullish on India due to its faster growth than other large countries and a "government oriented towards growth", Jonathan Gray, Blackstone's pre...
Blackstone says India one of its best markets, plans infra investments- COO
Blackstone says India one of its best markets, plans infra investments- COO
Source: Reuters
14/02/2023 4:48:33 PM
Exclusive-Blackstone in talks with Bain to sell $480 million stake in top Indian REIT Blackstone is in talks to sell around half of its stake in India's largest real estate investment trust Embassy Office Parks to private equity firm Bain Capital, two sources said, in a deal worth up to $480 million at current prices. A deal would mark U.S.-based Bain's first REIT investment in India where office space is drawing in investors as many workers have returned to offices with the waning of the COVID-19 pandemic. For Blackstone, it would mean a further selldown of its Emb...
Exclusive-Blackstone in talks with Bain to sell $480 million stake in top Indian REIT
Exclusive-Blackstone in talks with Bain to sell $480 million stake in top Indian REIT
Source: Reuters
25/01/2023 11:57:08 AM
India registers 93.5 mn sq ft of total leasable area under listed REITs assets; recording 6.85% YoY growth * Bengaluru registers maximum total leased REIT area of 27.8 mn sq ft * Noida records highest percentage growth of 60.81% YoY * Brookfield REIT showcased the strongest performance with 17.58% of returns since inception till 31st October 2022 In a recent study on REITs by Windmill Capital, a wholly-owned subsidiary of smallcase Technologies Pvt Ltd, it was found that India recorded 6.85% YoY growth in total leasable area of listed Real Estate Investment Trust (REITs) from 87.6 mn sq f...
India registers 93.5 mn sq ft of total leasable area under listed REITs assets; recording 6.85% YoY growth
India registers 93.5 mn sq ft of total leasable area under listed REITs assets; recording 6.85% YoY growth
Source: PR Agency
28/11/2022 3:49:15 PM
Blackstone`s India REIT portfolio Nexus Malls files for IPO Blackstone Inc-owned India malls real estate investment trust (REIT) portfolio, Nexus Malls, filed draft papers for an initial public offering with the domestic market regulator, a stock market filing showed on Thursday. The IPO will include a fresh issue of shares worth up to 16 billion Indian rupees ($195.94 million), the draft prospectus said. The IPO, India's first retail REIT, will also consist of a $300 million sale by Blackstone, said a person with direct knowledge of the mat...
Blackstone`s India REIT portfolio Nexus Malls files for IPO
Blackstone`s India REIT portfolio Nexus Malls files for IPO
Source: Reuters
18/11/2022 10:14:42 AM
Key Stock News: DSP Investment Managers, Aditya Birla, Blackstone, SoftBank, Maruti Suzuki - ARETE Securities DSP Investment Managers to acquire 10% stake in Equitas Small Finance Bank DSP Investment Managers Private Ltd (DSPIM) will buy a nearly 10 per cent stake in Equitas Small Finance Bank for an undisclosed amount, following approval from the Reserve Bank of India. The bank has received an intimation from the RBI on November 16, 2022, that it has granted approval to DSP Investment Managers Private Ltd (DSPIM) to acquire up to 9.99 per cent of the paid-up equity capital of the bank through ...
Key Stock News: DSP Investment Managers, Aditya Birla, Blackstone, SoftBank, Maruti Suzuki - ARETE Securities
Key Stock News: DSP Investment Managers, Aditya Birla, Blackstone, SoftBank, Maruti Suzuki - ARETE Securities
Source: ARETE Securities Ltd
18/11/2022 10:06:34 AM
Blackstone to take majority stake in India's R Systems Blackstone Inc said on Thursday it will buy a 52% stake in Indian technology and analytics services company R Systems International Ltd for $359 million. Blackstone will launch a conditional delisting offer at a price of 246 rupees per share, it said in a statement.
Blackstone to take majority stake in India's R Systems
Blackstone to take majority stake in India's R Systems
Source: Reuters
17/11/2022 9:22:35 AM
Key Stock News: Amazon, Blackstone, Tech Mahindra, IndiaR, Vedanta, Tata Consumer - ARETE Securities Amazon to lay off 10K employees amid 'largest job cuts' in firm's history Multinational tech giant Amazon plans to lay off around 10,000 people in its corporate and technology sectors starting as soon as this week, the New York Times reported. When executed, this would be the largest job cuts in the company’s history. Blackstone launches platform to expand foray in Indian data centre segment Private equity player Blackstone said on Tuesday it is expanding its dat...
Key Stock News: Amazon, Blackstone, Tech Mahindra, IndiaR, Vedanta, Tata Consumer - ARETE Securities
Key Stock News: Amazon, Blackstone, Tech Mahindra, IndiaR, Vedanta, Tata Consumer - ARETE Securities
Source: ARETE Securities Ltd
16/11/2022 9:43:48 AM
Key Stock News: Blackstone, HCL Technologies, Dish TV, Akasa Air, Vodafone Idea, Hindustan Construction - ARETE Securities Key News Blackstone to sell Rs 2,650 crore worth of units of Embassy REIT today Blackstone Inc is slated to sell 7.7 crore units of Embassy REIT worth Rs 2,650 crore through block deals today, CNBC Awaaz reported citing sources. The offer price of the block deal stands at Rs 345 per unit, 1.82 percent lower against today's closing price of Rs 351.40 on the BSE. IIFL, BofA, and Morgan Stanley, as per report, are brokers to the deal. Abu Dhabi's sovereign wealth fund, one of th...
Key Stock News: Blackstone, HCL Technologies, Dish TV, Akasa Air, Vodafone Idea, Hindustan Construction - ARETE Securities
Key Stock News: Blackstone, HCL Technologies, Dish TV, Akasa Air, Vodafone Idea, Hindustan Construction - ARETE Securities
Source: ARETE Securities Ltd
27/09/2022 10:18:09 AM
Blackstone acquires a majority stake in ASK Investment Managers Blackstone announced on Monday that private equity funds managed by Blackstone have acquired a majority stake in ASK Investment Managers Limited (ASK), one of India's largest asset and wealth management companies, from Advent International and other sellers. ASK is one of the leading asset and wealth managers in India catering to clients across Asia, the Middle East, Africa, and Europe, and manages more than $10.6 billion in assets (as of December 31, 2021). It is one of the first p...
Blackstone acquires a majority stake in ASK Investment Managers
Blackstone acquires a majority stake in ASK Investment Managers
Source: IANS
14/02/2022 2:11:04 PM
Blackstone acquires majority stake in homegrown firm Simplilearn  Leading investment firm Blackstone on Monday announced that it has acquired a controlling stake in homegrown online learning platform Simplilearn. Touted as an online bootcamp for digital economy skills training, Simplilearn was founded in 2010 in Bengaluru, and offers over 100 programmes to help early to mid-career professionals acquire new-age digital skills across the spectrum. "We believe Blackstone can add significant value to our company because of their scale, commitme...
Blackstone acquires majority stake in homegrown firm Simplilearn
Blackstone acquires majority stake in homegrown firm Simplilearn
Source: IANS
19/07/2021 2:59:01 PM
Blackstone to buy controlling stake in Mphasis for up to $2.8B Leading investment firm Blackstone on Monday announced to acquire a controlling stake in IT services firm Mphasis for up to $2.8 billion. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will co-invest along with Blackstone. Based on the open offer subscription, the blended purchase price will vary between Rs 1,452 to Rs 1,497 per share and the purchase consideration will vary between Rs 152 billion to Rs 210 billion (a...
Blackstone to buy controlling stake in Mphasis for up to $2.8B
Blackstone to buy controlling stake in Mphasis for up to $2.8B
Source: IANS
26/04/2021 10:54:27 AM
Blackstone CEO Schwarzman took home $610.5 million in 2020 Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed. The majority of the windfall stemmed from Schwarzman's 19.3% stake in Blackstone. Its distributable earnings jumped 16% year-over-year in 2020 as the world's largest manager of alternative assets such as real esta...
Blackstone CEO Schwarzman took home $610.5 million in 2020
Blackstone CEO Schwarzman took home $610.5 million in 2020
Source: Reuters
2/03/2021 9:45:34 AM