Blackstone will purchase a 37% stake in Manyata Promoters, AltAssets reports. The private equity group will invest $200 million in Manyata Embassy Business Park, a business park in Bangalore operated by Manyata Promoters.
The development will be valued at $550 million after Blackstone’s investment. The park, which has been built as a special economic zone, has IBM, Fidelity and Philips as tenants.
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