💨 Abstract

A major shareholder of South City Projects, which owns Kolkata's iconic South City Mall, has dismissed as "speculative" reports of a potential $400 million deal with Blackstone. The consortium, which includes Merlin Group, Sureka Group, Emami Group, Park Chambers Group, and Shrachi Group, has been evaluating offers from various funds since 2020, but is not under pressure to clinch a deal.

Courtesy: theprint.in

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