Global funds eye Blackstone's 50% stake

09 Aug 2023 CW Team

According to people with direct knowledge of the negotiations, two Canadian pension funds, GIC of Singapore, and the Abu Dhabi Investment Authority (ADIA) are among the sovereign wealth funds interested in purchasing Blackstone Group's 50% stake in Panchshil Realty and Salarpuria Sattva Group's respective commercial portfolios.

The transaction is anticipated to close with an enterprise value of between $4.5 and $5 billion.

The pension funds The Ontario Municipal Employees Retirement System (OMERS) and The Canada Pension Plan Investment Board (CPP Investments) have expressed interest in purchasing a share in this commercial real estate portfolio in India, which spans a total of 26 million square feet.

The portfolio consists of functioning properties totaling 21 million square feet in Pune and Hyderabad, two important commercial real estate markets. The property also includes a Pavilion Mall in Pune and a 415-key JW Marriott hotel in addition to office buildings.

Infrastructure Urban

23 Jul 2026

AI Data Centre Leaders Map India’s Infrastructure Roadmap

Mumbai, 22 July 2026: As artificial intelligence reshapes global digital infrastructure, industry leaders gathered in Mumbai today at the AI-Powered Data Centre Conference 2026 to discuss how India can build the capacity, technology and ecosystem required to emerge as a global AI infrastructure hub. Organised by ASAPP Info Global Group and conceptualised by FIRST Construction Council, the conference revolved around the theme, “From Capacity Gap to AI Superpower: Building India's Digital Backbone for the Intelligence Economy.” Bringing together developers, technology providers, enterpr..

SPML Infra raises over Rs 1.9 billion through preferential issue

SPML Infra has raised more than Rs 1.9 billion through a preferential issue of equity shares and convertible warrants, aimed at strengthening its balance sheet, funding growth and converting debt into equity.The company's board approved the allotment of 693,999 equity shares and 9.54 million convertible warrants at Rs 186 per security. The warrants are convertible into equity shares within 18 months in accordance with SEBI regulations.As part of the transaction, National Asset Reconstruction Company (NARCL) converted an existing loan of Rs 71.6 million into 384,858 equity shares. SPML said the..

Gujarat's New Data Centre Policy Signals India's Next Leap in AI Infrastructure

Before diving into artificial intelligence, every country must first solve a more fundamental challenge. AI does not run on ambition alone. It runs on compute, power, connectivity and digital infrastructure. As nations compete to build sovereign AI capabilities and attract global technology investments, the race is increasingly shifting from developing AI applications to building the infrastructure that powers them.Acknowledging this new trend, the Government of Gujarat has introduced the Viksit Gujarat Data Centre Policy 2026-29 and thus emerged as a frontrunner for hyperscale data centres, c..