Reuters – Blackstone Buys Indian Business Park

U.S. private equity firm Blackstone Group, along with two other companies, have agreed to buy a business park in south India for 19.5 billion rupees ($367 million), two sources with direct knowledge told Reuters. The deal, which is expected to be concluded within two to three months according to the sources, would be the largest private equity investment by value in India’s real estate sector since 2008.