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Blackstone in talks to buy minority stake in India's Sify

Blackstone in talks to buy minority stake in India’s Sify SECTIONS Blackstone in talks to buy minority stake in India’s SifyBy Gillian Tan, Cathy Chan, Bloomberg Last Updated: Mar 05, 2021, 02:02 PM IST Share Synopsis The communications infrastructure firm has sought a valuation of around $1 billion to $1.2 billion in a transaction. Sify, led by Chairman Raju Vegesna and CEO Kamal Nath, owns and operates data centers as well as India’s largest multiprotocol label switching, or MLPS, network, its website shows. Blackstone Group Inc. is in exclusive talks to acquire a minority stake in India’s Sify Technologies Ltd., according to people with knowledge of the matter.

The Blackstone Group L.P. (NYSE:BX), Sify Technologies Limited (NASDAQ:SIFY) - Blackstone Explores Minority Stake Acquisition In India's Sify: Bloomberg

Blackstone in talks to buy minority stake in India's Sify Technologies

The communications infrastructure firm has sought a valuation of around $1 billion to $1.2 billion in a transaction.

Blackstone in talks to acquire a minority stake in Sify Technologies

Blackstone Group is in exclusive talks to acquire a minority stake in Sify Technologies, according to people with knowledge of the matter. The communications infrastructure firm has sought a valuation of around $1 billion to $1.2 billion in a transaction, said the people, who asked not to be identified because the talks were private. It’s unclear what valuation the Blackstone stake purchase will be struck at and talks could still fall apart. Sify’s American depositary receipts rose 6.7 per cent in pre-market trading on Friday in the US. The company had a market value of about $484 million as of Thursday. Representatives for Blackstone and Sify declined to comment.

Blackstone in Talks to Buy Minority Stake in India's Sify

Blackstone inks pacts for first phase of over Rs 9,000-crore deal

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

Prestige Estates Projects Limited signs term sheet for identified assets

Prestige Estates Projects Limited signs term sheet for identified assets

Prestige signs agreement with Blackstone to sell 12 completed assets in 1st phase of Rs 9160cr deal

: 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.

Realty stocks: Stock market update: Nifty Realty index climbs 3%; Prestige Estates leaps over 6%

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.

Nifty realty: Stock market update: Nifty Realty index gains 3%; Oberoi Realty jumps 5%

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.