Blackstone SPVs to sell entire stake in Embassy Office Parks REIT
Blackstone Sponsor Group will sell 22.35 crore shares, which comprises 23.59% of the total REIT units outstanding as of Sept 30. The buyers in the deal are not known yet.
Saraswat to offload bad loans, draws interest from top ARCs
Over 20 asset reconstruction companies and non-banking finance companies have expressed their interest in acquiring Saraswat Bank’s non-performing assets. These include Acre ARC, Asset Reconstruction Company (India) and Edelweiss ARC.
Stocks still the first choice, retail players skip govt bond market
Stiff competition from comparable investment options and a continuing perception of the government bond product being shrouded in mystery are key factors as to why they have failed to draw in mass participation into sovereign debt the way the near-ubiquitous systematic investment plan has managed to for equities.