Blackstone-Backed Horizon Industrial Files ₹2,600 Cr IPO Papers with SEBI

• Horizon Industrial Parks, backed by Blackstone, filed ₹2,600 crore IPO papers with SEBI.
• The IPO is a fresh equity offer, with ₹225 crore earmarked for debt repayment.
• Blackstone holds an 89% stake in the company, which operates 60 million sq ft across 10 cities.
• Horizon raised nearly $200 million in a pre-IPO round from investors like SBI Life and Radhakishan Damani.
• The company targets a total fundraise of ₹4,250 crore, including the pre-IPO placement.

Why It Matters: Blackstone-backed Horizon Industrial seeks ₹2,600 crore via IPO, targeting ₹4,250 crore total.