Competition Comm approves Prestige Group-Blackstone deal ...Middle East

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Competition Comm approves Prestige Group-Blackstone deal
source : Devdiscourse ( Middle East ) () 19
Competition Commission of India (CCI) on Tuesday said it has approved the acquisition of certain assets of Prestige Group by affiliates of Blackstone Group. In November, Bengaluru-based Prestige had signed term sheets for selling a large portfolio of its retail and hotel properties for an enterprise value of about Rs 9,160 crore to Blackstone Group.

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