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of <h1>Blackstone Affiliate Gains Stake in Bagmane Developers and Rio for Commercial Real Estate Expansion in India.</h1> The Competition Commission of India has approved the acquisition of a stake in Bagmane Developers Private Limited and Bagmane Rio Private Limited by BREP Asia III India Holding Co VIII Pte. Ltd., an affiliate of Blackstone Inc. The Acquirer, primarily an investment holding entity, currently has no business operations. The Target Entities are involved in commercial real estate development, leasing, hospitality, and renewable power generation. A detailed order from the Commission will be issued subsequently.
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