Blackstone Shares Surge 3.19% on Strategic India Investment and Tariff Support

On March 14, Blackstone (BX) experienced a 3.19% increase in its stock price. The private equity giant's CEO, Stephen Schwarzman, expressed his support for U.S. President Donald Trump's proposed tariff measures, suggesting they could stimulate growth in American manufacturing. Schwarzman, who had earlier met with Trump and Indian Prime Minister Narendra Modi, spoke at an event in India marking Blackstone's 20th anniversary in the local market. He highlighted that U.S.-India tariff discussions might yield positive developments, which could lead to a noticeable uptick in manufacturing activities driven by tariff incentives. Furthermore, the benefits of these measures are anticipated to have a global impact. Blackstone's Asia private equity leader, Amit Dixit, added that Blackstone plans to significantly increase its assets under management in India in the coming years, with current assets already exceeding $50 billion.

In a strategic move, Blackstone announced plans to acquire a 40% stake in Indian real estate developer Kolte-Patil Developers. The deal, valued at 116.7 billion rupees (approximately $1.34 billion), aims to expand Blackstone's footprint in India's rapidly growing real estate market. Kolte-Patil is engaged in both residential and commercial projects across major cities including Mumbai, Pune, and Bangalore.

Blackstone's decision to invest in Kolte-Patil aligns with its broader strategy to capitalize on India's robust economic growth and urbanization trends. This acquisition is anticipated to enhance Blackstone's position in the competitive Indian market, providing significant opportunities for expansion and value creation in the long term.

The company's recent activities underscore its commitment to strengthening international partnerships and pursuing strategic investments that promise substantial returns. By tapping into expanding markets and diversifying its investment portfolio, Blackstone continues to leverage global economic trends to optimize growth and profitability for its stakeholders.