US PE giant Blackstone set to buy Prestige assets in India for $1.7b

US PE giant Blackstone set to buy Prestige assets in India for $1.7b

Blackstone Group LP headquarters stands in New York, U.S., on Friday, April 14, 2017. Photograph: Victor J. Blue/Bloomberg

In what seems to the largest real estate buyout transactions in India, private equity giant Blackstone Group is close to buying Bengaluru-headquartered property developer Prestige Group’s rental income assets for over $1.7 billion (Rs 12,745 crore), per a report by The Economic Times.

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