April 23, 2017 1:54 PM ET

Industrial Conglomerates

Company Overview of K Raheja Corp. Private Limited

Company Overview

K Raheja Corp. Private Limited, through its subsidiaries, engages in the businesses of real estate, hospitality, retailing, and power distribution in India. Its real estate business includes serviced offices, residential apartments, office spaces, malls, and retail and entertainment facilities. The company’s hospitality business comprises hotels and convention centers for business and leisure needs of the international and domestic travelers. Its retail business includes multi-brand lifestyle stores. K Raheja Corp. Private Limited was formerly known as K Raheja and changed its name to K Raheja Corp. Private Limited in 1997. The company was founded in 1956 and is based in Mumbai, India.

Plot no C-30, Block G

Opp SIDBI

Bandra Kurla Complex

Bandra (E)

Mumbai,  400 051

India

Founded in 1956

Phone:

91 22 2656 4000

Fax:

91 22 2656 4899

Key Executives for K Raheja Corp. Private Limited

Group President and Director
Age: 44
Group President and Director
Age: 42
Chief Executive Officer of Chalet Hotels Pvt Ltd and Managing Director of Chalet Hotels Pvt Ltd
Chief Executive Officer of Industrial Infrastructure
Managing Director of Commercial Real Estate & REIT and Director
Age: 46
Compensation as of Fiscal Year 2016.

K Raheja Corp. Private Limited Key Developments

CCI Reportedly Approves Raheja-Blackstone Deal

The Competition Commission of India (CCI) has reportedly approved global private equity firm Blackstone's plan to acquire stakes in real estate firm K. Raheja Corp Private Limited's commercial office portfolio. Blackstone has been the front-runner to buy 15% stake in the K. Raheja Corp's commercial real estate business for $250-300 million. Both K. Raheja and Blackstone declined to comment on the deal.

Blackstone Joins Race For Stake In K Raheja Corp.

The Blackstone Group L.P. (NYSE:BX) has filed a formal bid to buy a minority stake in K Raheja Corp. Private Limited. K Raheja Corp. plans to raise $250 million by divesting around 15% stake in the rent-yielding office space assets that operate under the brand Mindspace. Other bidders for stake include Temasek Holdings (Private) Limited and Warburg Pincus LLC. Temasek is in the pole position but Blackstone and Warburg Pincus are strong contenders.

Property Developers Plans To Raise $3.5 Billion

Large commercial property developers such as DLF Limited (NSEI:DLF), K Raheja Corp. Private Limited, Oberoi Realty Limited (BSE:533273) and TTK Prestige Ltd. (BSE:517506) are looking to raise $3.5 billion by selling stake in their rental arms.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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