India: Private equity major Blackstone set to acquire real estate company Alpha Corp for $242m

Global private equity fund Blackstone is set to fully acquire Gurgaon-based real estate company Alpha G: Corp Development Pvt Ltd for about $242 million (Rs 1,600 crore) from its existing investors, said a report in The Economic Times. The acquisition of Alpha G: Corp will further expand Blackstone’s real estate portfolio in India.