Turner International India, a division of New York City-based Times Warner, and the Rajgreen Group of Companies based in Gujarat, India, announced a 10-year partnership in Amaazia — India’s first Cartoon Network-branded amusement park. The Rajgreen Group invested $66 million in the venture which is located at Surat in the state of...
Blackstone's Strategy in India Yields Rich Dividends
Tuhin Parikh, senior managing director for real estate in Mumbai at the New York City-based PE and asset management firm Blackstone, has aggregated a 100-million-sqft portfolio in India. Parikh and Blackstone scripted a gold rush into the country’s rent-yielding office spaces, which saw Brookfield Asset Management, Qatar Investment Authority and others...
KKR Invests $50 Million in India's Walchand Nagar Industries
New York City-based private equity firm KKR & Co., will invest $50 million (Rs 300 crore) in Mumbai-based Walchand Nagar Industries, one of India's oldest business groups. KKR has so far deployed around $4 billion in structured financing to business groups in India over the past seven years, and has...
Impact Investor Acumen To Raise India-Dedicated Fund
Headquartered in New York City, global impact investor Acumen is planning to launch an India-dedicated fund, as the investor plans on raising funds from India. The company was incorporated in 2001 by Jacqueline Novogratz, with seed capital from the Rockefeller Foundation, Cisco Systems Foundation and individual philanthropists. Acumen’s work in...
Templeton Buys $1.2 Billion India Government Bonds
New York City's Franklin Templeton Investments bought about $1.2 billion of Indian government bonds in two days end March. The purchases, made through broker JPMorgan Chase & Co, were largely for tenures maturing in 2021-2023. Since March 11, when Prime Minister Narendra Modi’s party won an election in the state of...
Blackstone Puts Big Money in Indian Real Estate
New York City-based Blackstone Group is in advanced talks to acquire over 360,000 sq ft spread over six floors in the First International Financial Center (FIFC) Tower at Bandra-Kurla Complex, a business district in Mumbai, for over $125 million. With rising income levels of India's consumers, Blackstone has started focusing...