BLACKSTONE INVESTMENT INDIA
Piyush Goyal steps up US outreach, pitches India to global investors for deeper investment ties
Union Commerce and Industry Minister Piyush Goyal held meetings with top executives from prominent investment firms and consumer companies. He discussed investment opportunities and partnerships with Blackstone, Neuberger Berman, and The Estee Lauder Companies. The discussions included India's manufacturing, sourcing, and its growing beauty and personal care market. Goyal's engagement aimed to strengthen investment linkages and explore further business opportunities.
Wall Street’s $10 billion India hospital bet sparks a fight over bills
Wall Street has poured about $10 billion into Indian hospital chains over the past five years, with investors including Blackstone, KKR, TPG and General Atlantic betting on India’s huge shortage of hospital beds and rising demand for specialised care.
Runwal Enterprises sets IPO price band at Rs 290-305 per share
Runwal Enterprises has set its IPO price band at Rs 290-305 per share, with the Rs 500 crore fresh issue opening Friday and closing September 29. The Mumbai-focused developer has 88.37 million square feet of developable area across residential and non-residential projects.
Blackstone came close to giving up on India; now it calls the country its best bet
Blackstone’s early India push struggled to gain traction, but a shift towards control stakes and sectors such as IT services, real estate and manufacturing has since made India its best-performing private equity market globally. President Jon Gray says the country is nearing a “tipping point” for faster growth, though trade and energy risks remain.
Yatharth Hospitals shares rally 10% to fresh record high as Advent set to acquire 25% stake; stock up 20% in two days
Yatharth Hospital shares surged over 10% after Advent International announced a Rs 3,150-crore investment for a 24.9% stake in the hospital chain. The stock hit a fresh record high, extending its two-day gains to 20%.
Nabfid sanctions Rs 3,000 crore-plus loans to at least four data centres as AI capex accelerates in India
Nabfid is sanctioning significant loans for India's growing data center infrastructure needs. These facilities support the nation's push for artificial intelligence and cloud computing capacity. The lender anticipates continued strong demand from hyperscalers and cloud service providers. Nabfid plans to raise approximately Rs 1 trillion to fund these large projects. This financing aligns with India's broader infrastructure investment in the digital economy.
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Advent inks pact with Yatharth Hospital to invest Rs 3,150 crore for 24.9% stake
Promoters Ajay Kumar Tyagi and family and Kapil Kumar currently hold 55.8% stake in Yatharth; public shareholders own the remainder.
Advent International joins India’s hospital gold rush with Rs 3,150 crore Yatharth bet
Advent International will invest Rs 3,150 crore in Yatharth Hospitals for a significant stake. This marks one of the largest private equity investments in India's hospital sector. The investment comes amid rising demand for quality healthcare services. Yatharth operates a growing hospital network across North India. The deal aims to accelerate Yatharth's next phase of growth.
EQT Group plans to invest $50 billion in India by 2030: Jean Eric Salata, Chairman
Swedish buyout firm EQT plans to invest $50 billion in India over the next four years, roughly twice the $26 billion it has invested since entering the country in 1998. A large part of the investment will go into data centres and renewable energy, with EQT planning to deploy at least $2 billion annually in private equity through 2030 across manufacturing, pharma, financial services and sports.
PE exits in tech services stretch thin as valuation gaps widen
Analysts said the valuations are getting more realistic with some estimating markdowns of up to 30-40% in 2026 over 2025, mirroring the market cap decline of listed IT services providers. The BSE IT index plunged almost 30% since January, recouping around 10% from its July lows.
Brookfield looks to buy PGP Glass for up to $1.5 bn from Blackstone
Brookfield is negotiating to acquire PGP Glass from Blackstone for $1.3 billion. This deal marks a significant transaction between two major alternative asset managers in India. Blackstone aims to exit its six-year investment in the glass packaging company. A binding agreement is anticipated within the next two to three weeks. PGP Glass specializes in packaging for cosmetics, spirits, and pharmaceuticals.
Advent, Temasek in talks for Fairfax stake in IIFL Fin
Advent International and Temasek Holdings are reportedly in talks to acquire Fairfax Financial's stake. Fairfax is looking to exit IIFL Finance as part of its IDBI Bank acquisition plan. This stake sale will help Fairfax comply with regulations and fund the IDBI Bank buyout. Fairfax currently holds a significant stake in IIFL Finance, which is valued at approximately ₹3,500 crore.
Regional healthcare hubs emerge as new investment hotspots
Investment is shifting to regional hospital hubs like Jaipur and Vadodara. These markets offer growth opportunities and lower operating costs for investors. Health insurance penetration is also increasing significantly in these areas. Single-specialty segments like IVF and mother-child care are driving deal activity. Regional hospital brands are expected to scale through clusters and strengthen networks.
IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank deal
IIFL Finance denied reports of Fairfax exiting the company. These reports suggested a stake sale to fund an IDBI Bank acquisition. Blackstone is reportedly in talks with Fairfax for this stake. This potential deal comes as India's financial sector attracts acquisitions. Blackstone previously invested in Federal Bank last year.
From US to Vietnam: How foreign real estate players are making a big entry into India
International real estate players are actively investing in India's expanding urban landscape. Foreign developers and investors are exploring residential and mixed-use projects. This trend is driven by India's rapid urbanization and rising incomes. Companies are partnering locally to navigate complex market regulations. The nation's property market is becoming a significant global investment story.
IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closer
IDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings’ reported Rs 81-per-share offer for a 60.72% controlling stake. The proposed Rs 53,000-crore deal and potential CSB Bank merger are key developments for investors.
Fairfax to exit IIFL Finance before likely IDBI Bank deal; Blackstone emerges as suitor
Fairfax Financial Holdings is considering selling its IIFL Finance stake. This move supports its planned acquisition of IDBI Bank Ltd. The Canadian firm is in talks with private equity firms for this potential sale. This transaction is part of a larger strategy for the Indian banking sector. The company aims to consolidate its Indian lending investments after the acquisition.
JSW Neo, Blackstone & Macquarie among suitors for BluPine Energy
Several companies submitted bids for BluPine Energy's renewable assets. JSW Neo Energy and Inox Clean are among the potential buyers. Blackstone and Macquarie also entered the bidding process for the company. The renewable energy platform is owned by Actis and has 4 gigawatts. This sale is positioned as one of the sector's largest M&A deals.
Wall street bets on shielding Indian real estate from climate disaster
Climate resilience is emerging as a new measure of value in India's realty market. Investors are pouring money into infrastructure to protect rental income and asset values. This reflects a broader shift unfolding across India's significant real estate market. Capital is migrating toward buildings that can withstand a hotter, wetter climate. Climate risk now informs investment theses for many companies.
FPIs stay open to IPO bets despite equity exodus
Foreign investors have shown a strong preference for India's primary market, channeling $4.9 billion into initial public offerings, which sharply contrasts with the $28.9 billion outflow from the secondary market. The momentum in primary market inflows picked up after July, highlighted by substantial contributions to major IPOs. Alongside this, domestic fundraising from a plethora of new offerings has also risen.
HSBC joins PEs in race for Nuvama Wealth
Asia-Pacific-focused private equity firm PAG, current owners of the listed financial services company, has revived attempts to sell the business after a year’s gap. Non-binding bids also in from 6 funds for 54% worth $1.8 billion. Two more strategics expected to join.
Blackstone’s Knowledge Realty Trust OFS subscribed 1.4 times on Day 1
Blackstone's offer for Knowledge Realty Trust units saw strong demand from non-retail investors. The offer for sale is valued at Rs 11,988 crore, the largest in India's private sector. Knowledge Realty Trust, backed by Blackstone and Sattva Group, debuted in August 2025. The REIT focuses on commercial real estate with 29 assets across six cities. India's REIT market has expanded rapidly, attracting significant investor interest.
Stocks in news: HDFC Bank, Ola Electric Mobility, NBCC and Knowledge Realty Trust
Indian equity markets closed higher on Friday, ending a losing streak with IT stock gains. HDFC Bank's CEO will not seek reappointment, while Mahindra & Mahindra expanded its EV battery service. Ola Electric received incentives, and Knowledge Realty Trust saw an offer for sale launch. NBCC signed an infrastructure project deal with NHPC, and KP Green Engineering secured new orders.
'Many deals over $10 billion amid conflicts... this is astonishing': JPMorgan chief Anu Aiyengar
Deal-making momentum is driven by available financing and open markets, while M&A activity focuses on large strategic deals. Private credit has seen a correction, which is seen as healthy for markets. High US yields influence sponsor math, but monetization and exits remain key constraints. Hyperscalers' AI financings involve third-party capital, assessing cash flows and guarantees. Companies are given leeway on AI spending, with accountability expected by 2027.
Blackstone offers to sell up to 25% of India's Knowledge REIT for over $1 billion
Blackstone is looking to sell a stake of up to 25.03 percent in Knowledge Realty Trust. This offer encompasses both a base stake and an oversubscription option. The base price has been established at 108 rupees per unit. Knowledge Realty Trust, supported by Blackstone and Sattva Group, manages a diverse portfolio of assets. Since its listing in August 2025, the REIT has experienced moderate growth.
Blackstone to sell up to 25% stake worth Rs 11,988 crore in Knowledge Realty Trust
Blackstone plans to sell up to 25.03% of Knowledge Realty Trust units. This offer for sale aims to meet regulatory public unitholding requirements. The sale includes a base offer and an oversubscription option for additional units. The transaction will occur over two trading days on BSE and NSE. Blackstone and related entities currently hold a significant stake in the trust.
Yatharth Hospital shares jump 5% as Aster, Advent likely eye controlling stake
Yatharth Hospital shares jumped over 5% after reports that Aster DM Quality Care, backed by Advent International and Blackstone, is negotiating to acquire a controlling stake in the hospital chain. Yatharth denied being in any sale discussions, while the stock hit a fresh 52-week high and has gained around 50% in 2026.
Yatharth Hospitals draws interest from Aster, Advent as healthcare consolidation heats up
Aster DM Quality Care is negotiating to acquire a controlling stake in Yatharth Hospitals. This potential acquisition aims to consolidate the hospital sector amid private equity interest. Yatharth Hospitals' stock has seen a significant rise in anticipation of a potential trade. The deal would trigger an open offer for additional shares, expanding the acquirer's ownership. This move would significantly strengthen Aster DM Quality Care's presence in northern India.
Gaja listing marks PE industry's institutionalisation: Gopal Jain
Gaja Alternative Asset Management's listing marks a significant step for the industry. The company is the first pure-play PE asset manager to list domestically. This listing allows retail investors indirect access to private equity investments. Gaja Alternative has committed capital of ₹3,200 crore as of March 31, 2026. The company raised ₹550 crore through its initial public offering.
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