
What work from home? It’s back-to-office time
In India there are many factors at play which makes the office critical for companies and employees. That said, Covid-19 has irreversibly changed the way companies and people view the office.
In India there are many factors at play which makes the office critical for companies and employees. That said, Covid-19 has irreversibly changed the way companies and people view the office.
Byju’s is buying Aakash Educational Services for nearly $1 billion, in a bid to enter the test prep space. But will Byju’s succeed and what implications does the deal have for the edtech space?
Canada's Brookfield Asset Management, with real estate assets under management worth $6.6 billion in India, is expecting to shore up ₹3,800 crore from the public market by listing the Brookfield REIT.
Brookfield Asset Management reiterated the importance of an office environment, by acquiring 12.5 million square feet of commercial space in India for $2 billion. This, as work from home continues.
Global PE giant Blackstone’s chairman says a toll on the global economy is inevitable, but the epidemic would also lead to business opportunities for those with access to capital.
Ever since FDI restrictions were lifted in 2005, the investment flow has been over $25 billion—70% of which has come between 2015 and 2019. Now, 2020 is also expected to be an action-packed year.
About 63% of the total foreign private equity investments was in the commercial real estate space, while the residential sector attracted just $1.5 billion in funding.
The Bengaluru-based company expects the deal to significantly help in deleveraging the Coffee Day Group.
Based on the open offer subscription, the purchase price consideration will vary between $310 million - $462 million.
While Blackstone did not provide financial details of the transaction, according to a Bloomberg report the private equity major is buying a “large” stake for $250 million.