Blackstone, the alternative asset manager in New York City, has opened a global capability center in Bengaluru, in southern India. The center is the firm's second office in India. The Economic Times reported that the new site will support Blackstone's businesses worldwide. The center sits in an office park in...
BlackstoneSays India at ‘Tipping Point’ for Foreign Investment
Blackstone says its investments in India have become its best performing anywhere in the world, and that the country is nearing what its president calls a "tipping point" for foreign capital. Jon Gray, president and chief operating officer of Blackstone, described the shift in an interview with Bloomberg Television's Wall...
Singapore’s Temasek Targets a Piece of India’s $18.5B Cricket League
Temasek, Singapore’s state-owned sovereign investment firm, is weighing a potential move into the Indian Premier League, signaling growing global investor interest in one of the world’s most valuable sports properties. They have a long history of investments into India. Temasek’s India managing director, Vishesh Shrivastav, told Reuters the firm is...
Blackstone Invests $705 million in India’s Federal Bank
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...