Competitive Investors blackstone, KKR, Z47, JSW Ventures, Country Delight featured in recent Business Report
In the dynamic Indian market, private equity giants Blackstone, KKR, Z47, JSW Ventures, and Country Delight continue to make significant strides. This week, Blackstone has been particularly active with substantial real estate investments.
Notably, Blackstone invested approximately $214 million to acquire up to 66% of Kolte-Patil Developers, marking a strong entry into the residential real estate sector. Furthermore, Blackstone strengthened its retail portfolio in India with the acquisition of Kolkata's South City Mall for ₹3,250 crore. The mall, a major retail landmark in East India, boasts over 150 stores and a large food court.
While there is no recent publicized information about KKR, Z47, JSW Ventures, or Country Delight's funding deals or investments in India, Country Delight is reportedly in talks to raise fresh funding. Additionally, Country Delight, a dairy company, is being considered for investment by private equity firms and strategics, with TA Associates planning an exit.
Meanwhile, Axis Finance and Maple Infra are reportedly drawing interest from private equity firms and strategics. In a separate development, TPG-backed Fibe has appointed Vimal Saboo as the CEO of its NBFC arm.
Interestingly, Blackstone and KKR are also exploring secondaries deals in India. Elsewhere, LendingKart's co-founder and CEO, Lunia, has stepped down from his position, while Prime Finserv, WiseLife, and Divine Hindu have secured early-stage funding.
The report does not specify whether these deals are related or part of a larger trend in the Indian market. However, it is clear that these private equity firms and companies remain active and continue to shape the Indian market.
Finance plays a significant role in the growth of the Indian market, as private equity firms like Blackstone and KKR continue to invest in various sectors. Recently, Blackstone invested $214 million in Kolte-Patil Developers, marking an entry into residential real estate and strengthening its retail portfolio with the acquisition of South City Mall.