Embassy Property Developments Pvt. Ltd has bought out from its partners Goldman Sachs Group Inc. and real estate firm Century Real Estate Holdings Pvt. Ltd, a 6.5-acre project in Bangalore that will have a Four Seasons hotel and luxury homes.
The deal value is Rs.630 crore. To help finance the deal, global private equity firm Blackstone Group LP will invest Rs.200 crore to acquire a 50% stake in the project. Read More..