Blackstone signs deal to buy Coffee Day's Tech park for Rs 2,700 cr

The Blackstone Group has signed a definitive agreement to buy Global Village Tech Park, owned by a subsidiary of Coffee Day Enterprises Ltd (CDEL), for about Rs 2,770 crore. Blackstone, along with South-based developer Salarpuria Sattva will acquire the 90-acre, IT-focussed Global Village Tech Park held by subsidiary, Tanglin Retail Realty. A formal announcement of the deal is expected as early as Tuesday. When contacted Blackstone declined to comment. Coffee Day was not immediately available for comments.