Read more about Blackstone inks pacts for first phase of over Rs 9,000-crore deal on Business Standard. Realty firm Prestige Estates Projects on Tuesday said it has signed definitive agreements with global investment firm Blackstone to sell 12 assets/undertakings comprising completed office, retail and hotel properties in the first phase of Rs
: Tuesday, March 2, 2021, 9:32 PM IST
Prestige signs agreement with Blackstone to sell 12 completed assets in 1st phase of Rs 9160cr deal
In November last year, the Bengaluru-based firm had signed term sheet to sell a large portfolio of completed as well as under-construction office, retail and hotel properties to Blackstone for an enterprise value of Rs 9,160 crore.
Realty firm Prestige Estates Projects on Tuesday said it has signed definitive agreements with global investment firm Blackstone to sell 12 assets/undertakings comprising completed office, retail and hotel properties in the first phase of Rs 9,160-crore deal.
In November last year, the Bengaluru-based firm had signed term sheet to sell a large portfolio of completed as well as under-construction office, retail and hotel properties to Blackstone for an enterprise value of Rs 9,160 crore. The company will use the fund to retire its debt and future expansion.
NEW DELHI: Nifty Realty index was trading with gains at 01:22PM (IST) on Tuesday. Shares of Prestige Estates Projects (up 6.17 per cent), DLF (up 4.08 per cent), Godrej Properties (up 3.8 per cent), Phoenix Mills (up 2.85 per cent) and Brigade Enterprises (up 1.98 per cent) were among the top gainers. While Oberoi Realty (down 1.18 per cent) and Omaxe (down 0.21 per cent) were the top losers in the index. The Nifty Realty index was trading 2.85 per cent up at 347.95 around 01:22PM. Benchmark NSE Nifty50 index was up 74.10 points at 14749.8, while the BSE Sensex was up 184.34 points at 49928.66. Among the 50 stocks in the Nifty index, 39 were trading in the green, while 11 were in the red.
NEW DELHI: Nifty Realty index were trading with gains at 01:33PM (IST) on Monday. Shares of Oberoi Realty (up 4.88 per cent), Phoenix Mills (up 3.97 per cent), DLF (up 3.75 per cent), Godrej Properties (up 2.62 per cent) and Prestige Estates Projects (up 2.03 per cent) were among the top gainers. While Sunteck Realty (down 1.67 per cent), Brigade Enterprises (down 1.04 per cent) and Omaxe (down 0.07 per cent) were the top losers in the index. The Nifty Realty index was trading 2.84 per cent up at 360.55 around 01:33PM. Benchmark NSE Nifty50 index was up 136.25 points at 15299.55, while the BSE Sensex was up 543.89 points at 52088.19. Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.