Blackstone bought a 50% stake in two units at an aggregate enterprise value of about US$1.46 billion ($2 billion) early last year.
BENGALURU (Aug 5): Blackstone Group is set to buy the remaining 50% stake in Indiabulls Real Estate's commercial properties for about 48 billion rupees ($952 million), the Economic Times (ET) reported on Monday.
The deal, which will give the private-equity giant full control of the portfolio, is expected to be concluded over the next few weeks, ET reported citing sources with direct knowledge of the matter.
