Blackstone to buy 50% stake in Indiabulls' Mumbai office assets

Blackstone to buy 50% stake in Indiabulls' Mumbai office assets

Photo: Bloomberg

Global private equity firm Blackstone Group Lp is set to buy a 50% stake in Indiabulls Real Estate Ltd’s prime office assets in central Mumbai for an enterprise valuation of around $1.3 billion, said two people directly aware of the transaction. The assets include Indiabulls Finance Centre and One Indiabulls Centre.

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