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Blackstone Proceeds To Acquire Coffee Day’s Tech Park

From: msn.com

(Bloomberg) — Blackstone Group Inc. has proceeded with the acquisition of Coffee Day Enterprises Ltd.’s technology park as it is set to pay the first tranche of 1.5 billion rupees ($21 million) as soon as Wednesday, people familiar with the matter said.

The fund will pay another 20 billion rupees in the next two weeks for Global Village Tech Park, said the people, who asked not to be identified as the information is private. The remainder, which is 5.5 billion rupees, will be paid within a year, the people said. The deal values the technology park at 27 billion rupees.

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