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Private Equity

Blackstone May Sell Pune Infotech Parks To Xander For Rs 2,000cr

by moneycontrol.com posted 9months ago 23 views
Singapore-based CapitaLand was frontrunner to buy the parks but exited the proposed deal. : US-based private equity firm Blackstone is in final talks with PE fund Xander for sale of its infotech parks in Pune for around Rs 2,000 crore, Business Standard reports. Blackstone’s BlueRidge special economic zone (SEZ) and another SEZ at Hinjewadi in Pune are up for sale. Both these projects are not part of its joint venture (JV) projects. In India, it has JVs with Bengaluru-based Embassy Group, Pune-based Panchshil Group, and Mumbai’s K Raheja Corporation.

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