The Blackstone Group has signed a definitive agreement to buy Global Village Tech Park in Karnataka, owned by a subsidiary of Coffee Day Enterprises, for about Rs 2,770 crore.
The Blackstone Group, along with South-based developer Salarpuria Sattva, will acquire the 90 acre, IT-focussed Global Village Tech Park held by subsidiary, Tanglin Retail Realty.
The company has revised the deal size upward by about Rs 150 crore as a goodwill gesture.