Quick Summary
The Competition Commission of India (CCI) approves acquisition of certain assets of the Prestige Group by affiliates of Blackstone Group Inc. The principal activity of the Acquirersvizaffiliates of Blackstone Group Inc,is that of investment holding and related activities. However, at present, they do not have any business operations, in India or worldwide. The Acquirers are affiliates of funds advised or managed by the affiliates of The Blackstone Group Inc. The Target Entities are engaged
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FAQ :
The Competition Commission of India (CCI) has approved the acquisition.
Affiliates of Blackstone Group Inc. are acquiring certain assets of the Prestige Group.
The principal activity of Blackstone's affiliates is investment holding and related activities. They currently have no business operations in India or worldwide.
The Prestige Group is engaged in the business of real estate development in India, with a diversified portfolio across residential, commercial, and hospitality segments.
Prestige Group has real estate development projects in key segments such as residential, commercial and hospitality across several cities in India.
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