Citi group
India’s biggest commercial real estate acquisition was grasped by US private firm Blackstone, with a 50% stake in Bangalore builder-owned three business parks for over Rs 1,000 crore ($200 million). Blackstone beats the Citi Group’s acquisition of a Mumbai office building for Rs 985 crore, which was bigger than the Maple Tree’s acquisition of Assetz [...] Continue Reading »
DLF has been downgraded by Citi from “buy” to “neutral” as target price has come down from Rs 266 to Rs 218. Currently, DLF shares have come down by 1.3 per cent to Rs 186.20. Citi group has added that there will be a wait for a pick-up in execution, sales and margins to become [...] Continue Reading »
Citi group purchased a commercial property at Bandra Kurla Complex for Rs 985 crore to house its India headquarters. Over 297,000 sq ft at First International Finance Centre (FIFC) was acquired by the US banking giant. All key businesses of Citi which are currently spread across Mumbai and other cities will be accumulated in the [...] Continue Reading »
