Blackstone Group to acquire South City Mall in Kolkata for Rs 3,480 crore ($400 million), along with a school property in Sri Lanka.

Blackstone is said to be nearing a deal to buy the mall and is talking to financiers to line up funding for the deal, Bloomberg reported.

The shopping mall is owned by South City Projects (Kolkata) Ltd., a joint venture of several real estate developers based in the city, and is the largest in eastern India, according to its website. It ...

the consortium behind Kolkata's iconic South City Mall, has downplayed recent reports of a potential USD 400 million deal with alternative asset manager Blackstone, describing it as "speculative".