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MUMBAI: Aditya Birla Group, The Times of India Group, Bolt Ventures, and Blackstone have signed a definitive agreement to acquire 100% of Royal Challengers Bengaluru (RCB), current holders of both the Indian Premier League and Women’s Premier League titles, from United Spirits Ltd (USL), a subsidiary of Diageo Plc. The transaction has valued the franchise…
Virat Kohli with the IPL trophy. (AP Photo) Mumbai: Aditya Birla Group, The Times of India Group, Bolt Ventures, and Blackstone have signed a definitive agreement to acquire 100% of the Royal Challengers Bengaluru (RCB) franchise that will include both the men and women’s teams.The Indian Premier League (IPL) and the Women’s Premier League (WPL)…
BENGALURU: In a big-ticket bet, Blackstone is leading a $1.2 billion funding round in AI cloud platform Neysa, bolstering the company’s push to build large-scale AI infrastructure. Blackstone and its co-investors committed up to $600 million in equity, with the company planning to secure an additional $600 million in debt financing, subject to documentation. Other…
BENGALURU: Mphasis CEO Nitin Rakesh said Blackstone’s stake sale reflects a natural phase in the private equity firm’s investment lifecycle and does not indicate any loss of confidence in the company’s performance. Blackstone acquired a 60.5% stake in Mphasis for $1.1 billion in 2016 and has been invested in the company for over nine years….
KVS Manian, MD & CEO, Federal Bank MUMBAI: Federal Bank chief KVS Manian said that the recently-announced capital raise from private equity investor Blackstone will give the lender flexibility to consider acquisitions to support growth, after the board approved a preferential issue of warrants to the US asset manager on Oct 24 in Kochi.The bank…
MUMBAI: The US-based private equity firm Blackstone is set to acquire nearly 10% stake in Federal Bank for Rs 6,196.5 crore. The Kerala-based bank’s board approved the proposal on Friday, it now requires shareholder and regulatory clearances, including from RBI and Competition Commission of India. This is the latest instance where an Indian lender has…
Representative image (AI-generated) MUMBAI: Private equity investor Blackstone will pick up a 9.99% stake in Federal Bank for Rs 6,196.51 crore. The investment will be made through Asia II Topco XIII Pte Ltd, a Blackstone-controlled entity that handles the firm’s strategic transactions in India. Federal Bank’s board cleared the proposal on Oct 24, 2025. It…
