India: Blackstone gets NCLT nod to acquire Trident hotel for $82m

India: Blackstone gets NCLT nod to acquire Trident hotel for $82m

Photo: Bloomberg

Private equity (PE) firm Blackstone Group has secured the National Company Law Tribunal’s (NCLT) approval to acquire debt-laden Trident hotel in Hyderabad for about $82 million (Rs 585 crore), per media reports.