To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionBlackstone eyes IPO filing for $2.5b India mall portfolio
Blackstone has plans to file an initial public offering of its Indian-shopping-mall portfolio that could raise about $500 million, reported Bloomberg, citing people familiar with the matter.
Blackstone’s Indian retail portfolio, which is held through its Nexus Malls unit, is estimated to be valued at $2.5 billion.
Nexus Malls operates 17 shopping centers across 13 Indian cities and has about 10 million square feet of retail space, its website shows.
