Blackstone portfolio firm files for India's first shopping mall IPO

Blackstone portfolio firm files for India's first shopping mall IPO

Time lapse photography of crowded people on mall grounds. Source: Dieter de Vroomen/Unsplash

Blackstone’s India retail portfolio arm, Nexus Malls, has filed draft papers with the market regulator for an initial public offering, in what could be the first listing by an Indian retail REIT [real estate investment trust].