A PYMNTS Company

India: Blackstone gets CCI approval for Embassy realty deal

 |  October 4, 2012

The Competition Commission of India (CCI) approved a real estate deal between global private equity giant Blackstone group and Pune-based realty firm Embassy Group. The proposed deal involves Blackstone and Embassy group having joint control over an entity operating in business development, real estate management and related activities. The concerned parties had approached CCI on August 24 to seek the fair trade regulator’s approval for the deal, after execution of their investment agreement dated August 14. 

Full Content: Economic Times

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.