India’s Federal Bank announced on October 24 that it will sell a 9.99% stake to Asia II Topco XIII Pte. Ltd., an affiliate of private equity firm Blackstone, for $705 million. Once finalized, this deal will make the Blackstone affiliate the bank’s largest shareholder. The bank’s Board has also approved...
Rising Healthcare Economy in India: An American Opportunity
In 2024, the healthcare sector in India was abuzz with the merger of Aster DM Healthcare and Quality Care India Limited (QCIL), backed by Blackstone, resulting in an entity valued at $5.08 billion. This merger gave birth to Aster DM Quality Care, catapulting it to the position of the third-largest...
India’s Oyo Acquires Motel 6 and Studio 6 for $525M
Headquartered near New Delhi, Oyo, the India-based hotel company, has agreed to acquire the Motel 6 and Studio 6 hotel brands from Blackstone for $525 million in an all-cash deal. This marks Oyo's second attempt to expand in the U.S. market as the SoftBank-backed startup continues its efforts to go...
Blackstone Enters India’s Healthcare Sector with Billion Dollar Investment
Global private equity giant Blackstone will buy a majority stake in India's Hyderabad-based Care Hospitals marking the firm's entry into the country's healthcare services sector. The deal is valued at $1 billion. Blackstone has also facilitated a further acquisition. Through its investment, Care Hospitals will acquire a majority stake in...
India is Among Top Markets for Blackstone
Jonathan Gray, Blackstone's president and chief operating officer said at a press briefing, "India is a major part of the anchor of our Asia strategy." Gray added that Blackstone will also consider investing in Indian infrastructure in the future. The New York City-based Private Qquity firm, which manages nearly a...
HealthEdge Launches India Operations Facility
Burlington, MA-based HealthEdge, that offers integrated financial, administrative, and clinical platforms for health insurers, announced the launch of its India operations delivery center in Pune, Maharashtra. Steve Krupa, CEO of HealthEdge, a portfolio company of Blackstone, said, "Our Pune center aligns with our growth strategy and will be a hub...