Support: +91-22-61011756 / help@projectstoday.com

Help

1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

2-Day Free Trial

Increase your Business Opportunities

Free Trial See Sample Project

Blackstone to acquire Coffee Day’s tech park for Rs 3,000 cr

Wednesday, 14 Aug 2019

Share this on :

Blackstone, along with southern developer Salarpuria Sattva, has closed the deal to acquire Coffee Day Enterprises’ real estate venture Tanglin Developments. The Tanglin Developments owns a technology park in Bengaluru, Karnataka for Rs 3,000 crore. The payment by Blackstone will be done in multiple tranches.

The first tranche of Rs 2,000-2,200 crore will be paid in four weeks of the deal closing while the remaining money will come in the next 24 months.

The deal is being done through a special purpose vehicle (SPV) where Blackstone will own about 90 percent and the remaining 10 percent will be held by Salarpuria Sattava. Blackstone-Salarpuria is in talks to buy the technology park for Rs 2,800 crore.