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Blackstone Group inks definitive deal to buy Coffee Day's tech park

Tuesday, 17 Sep 2019
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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.

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