IFLR1000

Blackstone acquisition of stakes in Indiabulls Properties and Indiabulls Real Estate Company

28/3/2018
Private acquisition
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Announced

28/3/2018

Overview:

  • Blackstone has acquired stakes in Indiabulls Properties and Indiabulls Real Estate Company.
  • Proceeds will be used for repayment of existing debt and for achievement of long term growth.
  • Indiabulls Real Estate will cease its sole control over IPPL and IRECPL.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

India

Industry sector:

Real estate

Firm:
JSA

Party: Indiabulls Real Estate (Seller)

Lawyer: Lalit Kumar

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