Blackstone is unlikely to finalise its deal for an increased stake in Indian construction company, Nagarjuna, owing to regulatory delays. It comes though after the country's plunging stock market wiped 68 percent from the value of the assets.
Winnington Capital’s $1bn China-specific private equity property fund has acquired a stake in a real estate investment company focused on property development in the city of Chongqing. The investment was made through its Trophy Property Fund.
The Indian infrastructure-focused firm had to delay the final close for five months pending regulatory approval. It recently announced the first investment from the vehicle, in Indian wind turbine manufacturer SE Forge.