INSUBCONTINENT EXCLUSIVE:
beleaguered companies that are providing Blackstone Group Inc
senior managing director, said in an interview in Mumbai on Wednesday
The company, which has invested $6 billion in India in the past 18 months, is scouting for opportunities as financiers and banks focus on
recovering from a crisis that began with the collapse of an infrastructure financier in 2018, slowing down lending in the process.
Central
bank data show loan growth sunk to a more than two-year low in February, despite the Reserve Bank of India lowering borrowing costs five
businesses including private equity, real estate and tactical opportunities, has acquired a shadow bank, and manufacturers of auto parts and
The fund is also the largest owner of commercial real estate in India and was the first to sell units in a real estate investment trust last
Blackstone invested 3.8 billion rupees ($52 million) in a warehousing unit of Allcargo Logistics Ltd
with an option to increase the stake over the next 12 months based on achievement of pre-agreed performance milestones
rupees out of the total 27 billion rupees.
Blackstone sees buyout opportunities increasing across the world as the coronavirus outbreak
spooks financial markets and hurts company valuations, said CEO Schwarzman.
