trending Market Intelligence /marketintelligence/en/news-insights/trending/yd2bc8t2_1p3movgc4kchw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Blackstone to buy 80% stake in Indian mall for 3.10B rupees

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Report: Blackstone to buy 80% stake in Indian mall for 3.10B rupees

Investment bank Goldman Sachs Group Inc. is exiting its investment in Nitesh Estates Ltd.'s shopping center in the Koregaon Park area of Pune, India, at the conclusion of the developer's brewing transaction with Blackstone Group LP, India's Mint reported, citing two people familiar with the matter.

The private-equity giant is reportedly in talks to buy for approximately 3.10 billion Indian rupees an 80% stake in the Nitesh Hub mall, which is still undergoing refurbishment, according to the March 20 report. It followed the diversified developer's March 19 announcement on the Bombay Stock Exchange which revealed that ongoing discussions with an unnamed investor regarding the shopping center are expected to end April 30, the paper noted.

In 2015, Goldman Sachs provided Nitesh Estates with US$37 million to help fund the latter's 2.50-billion-rupee acquisition from Israeli company Elbit Imaging Ltd. of the Park Plaza Centre property, which was later redeveloped and renamed as Nitesh Hub. Goldman Sachs' contribution, according to the publication, was made pursuant to the bank's investment partnership agreement with Nitesh Estates.

One of the sources told Mint that the mall will be transformed into a mixed-use scheme featuring retail and office space, as well as food and beverage and entertainment facilities.

As of March 19, US$1 was equivalent to 65.30 Indian rupees.