Blackstone

India’s competition watchdog has approved a proposal allowing global investment firm Blackstone to acquire a stake in Federal Bank, marking a significant development in the country’s banking and financial services landscape. The clearance underscores regulatory comfort with foreign capital participation in well-capitalized private lenders. For Federal Bank, the investment is expected to provide long-term capital support and strategic depth at a time when banks are strengthening balance sheets and accelerating digital transformation.

Knowledge Realty Trust (KRT), a Real Estate Investment Trust jointly backed by Sattva Group and global private equity major Blackstone, has raised Rs 1,400 crore in a pre-IPO round as it prepares to launch what could be India's largest REIT listing. The REIT, with a Gross Asset Value of approximately Rs 60,000 crore, aims to raise Rs 6,200 crore through its public issue. KRT's extensive portfolio spans 48 million square feet across six cities, making it the most geographically diversified office REIT in the country.

Marking a significant entry into India’s residential real estate segment, global investment giant Blackstone has received regulatory clearance from the Competition Commission of India (CCI) to acquire a 40% stake in Kolte-Patil Developers Ltd. The Rs. 1,150 crore deal will be executed through a combination of preferential equity issuance and promoter stake purchase, followed by an open offer to public shareholders.