PE-RE Fund Investments

Blackstone to acquire Transindia Real Estate's stake in 6 logistics parks for Rs.400-Cr

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Global investment firm Blackstone is to acquire stakes in various logistics parks from Mumbai-headquartered Transindia Real Estate Ltd, a demerged subsidiary of Allcargo Logistics, for over INR 400 crore. The deal includes a logistics park in Jhajjar, Haryana which will be acquired at an enterprise value of about INR 625 crore. Transindia will also sell 10% stake held in Malur Logistics & Industrial Parks Pvt Ltd, Venkatapura Logistics & Industrial Parks Pvt Ltd, Kalina Warehousing Pvt Ltd, Panvel Warehousing Pvt Ltd, and Allcargo Logistics & Industrial Park Pvt Ltd, for an equity consideration of about INR 60 crore.

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