04:37 AM EST, 03/06/2025 (MT Newswires) -- Blackstone (BX) will hire Citigroup ( C ) to raise the equivalent of at least $200 million to back its purchase of South City Mall in Kolkata, Bloomberg reported, citing unnamed people familiar with the matter.

Citigroup ( C ) plans to syndicate the debt among investors that include private credit funds but details of the financing remain under discussion, the report said.

Blackstone is nearing a deal to acquire the mall for as much as $400 million, the report said.

Blackstone and Citigroup India did not immediately reply to MT Newswires' request for comment.

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