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Blackstone Eyes Adani Realty's BKC Tower
Blackstone, a global investment firm, is reportedly in advanced discussions to acquire Adani Realty's office tower located in the Bandra Kurla Complex (BKC) for an estimated Rs 20 billion. If the deal materialises, it would mark another significant investment by Blackstone in India's commercial real estate market.
The BKC office tower, known for its prime location and modern amenities, is considered a prized asset in Mumbai's commercial real estate landscape. Adani Realty, the real estate arm of the Adani Group, developed the property and is now exploring options to monetize its investm..
AP Moller Capital targets stake in Pristine Logistics & Infraprojects
Denmark-headquartered Infrastructure fund manager A.P. M?ller Capital P/S, which is a part of the A.P. Moller Group, is among the entities interested in purchasing the stake currently held by private equity firm Global Infrastructure Partners in Pristine Logistics & Infraprojects, a logistics firm with a focus on railways. Global Infrastructure Partners, which was acquired by asset management giant BlackRock for $12.5 billion in a global deal earlier this year, currently holds a 57 per cent stake in Pristine Logistics & Infraprojects.
The private equity firm intends to exit its invest..
Blackstone in Talks to Acquire Adani Realty's BKC Office Tower for Rs 2,000 Cr
Blackstone is reportedly in discussions to acquire Adani Realty's office tower in Bandra-Kurla Complex (BKC) for approximately Rs 2,000 crore. If finalised, this deal would mark a significant transaction in the commercial real estate sector.
The potential acquisition highlights Blackstone's continued interest in expanding its presence in India's commercial property market, particularly in prime locations like BKC. Adani Realty's office tower in BKC is considered a valuable asset due to its strategic location and modern amenities.
For Adani Realty, the sale of the BKC office tow..
India ranks Fourth in Global Military Spending
India's robust military expenditure secures its position as the fourth-largest spender worldwide, according to a recent report. With an expenditure of $83.6 billion in 2023, India showcases its commitment to bolstering its defence capabilities in line with its strategic objectives.
The report highlights India's significant role in shaping global defence expenditure trends. Despite economic challenges and competing priorities, India has consistently prioritised military spending to safeguard its national interests and maintain regional stability.
In recent years, India has mod..
Defence Ministry Awards Rs.650 Bn Tender to HAL for Tejas Jets
The Defence Ministry has greenlit a substantial tender worth ?650 billion for Hindustan Aeronautics Limited (HAL), signalling a significant boost for the indigenous defence manufacturing sector. Under this contract, HAL will produce an additional 97 Tejas Mark 1A fighter jets, showcasing the government's commitment to bolstering domestic defence capabilities.
This move not only strengthens India's self-reliance in defence production but also underscores the importance of HAL's expertise in aircraft manufacturing. The Tejas Mark 1A jets, renowned for their advanced technology and superio..
