Blackstone emerges as front-runner to buy South City Mall in Kolkata

US-based private equity investor Blackstone has emerged as the front-runner to buy South City Mall, one of the largest malls in eastern India, said sources in the know. A dozen investors, including Blackstone, Xander, and GIC, have put in bids for the mall, measuring about 1 million square feet (sq ft), the sources said, adding that the deal is expected to be around Rs 2,000 crore.  If the deal goes through, it will be one of the biggest mall deals in the past five years. In 2017, Blackstone bought Elante mall in Chandigarh from the Carnival group for Rs 2,200 crore, the largest suc.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.