'Blackstone may buy out Indiabulls' commercial properties for Rs 4,800 cr'

Blackstone Group is set to buy the remaining 50 per cent stake in Indiabulls Real Estate's commercial properties for about Rs 4,800 crore ($688.8 million), the Economic Times (ET) reported on Monday.

    The deal, which will give the private-equity giant full control of the portfolio, is expected to be concluded over the next few weeks, ET reported citing sources with direct knowledge of the matter.   Blackstone bought a 50 per cent stake in two units at an aggregate enterprise value of about $1.46 billion early.....

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