Abu Dhabi Investment Authority and PSP Investments acquired a combined 1.68% stake in SG Mart for ₹138 crore on 14 July. ADIA purchased 11.23 lakh shares (0.89% stake) for approximately ₹72.99 crore at ₹650 per share, whilst PSP Investments bought 10 lakh shares (0.79% stake) for ₹64.99 crore at ₹649.98 per share. The building materials solutions provider's shares rose 5% to close at ₹654.15 on the National Stock Exchange following the transaction. The institutional buying coincided with HR Global Manufacturing's exit, which sold a 1.74% stake worth ₹143 crore. HR Global subsequently acquired shares in Yatharth Hospital & Trauma Care Services for ₹40.73 crore, suggesting portfolio rebalancing rather than concerns about SG Mart's fundamentals.

PSP, La Caisse and Norges join TPG in $2 billion ECHO Realty deal. PSP Investments, La Caisse, and Norges Bank Investment Management have committed capital alongside TPG to acquire ECHO Realty, an owner and operator of grocery-anchored retail centers, in a transaction valued at about $2 billion. ECHO operates roughly 230 centers across Midwest and Southeast U.S. markets, anchored by grocery and convenience retailers that include Giant Eagle, [...] Get the whole story. AW Monthly $39 / Month - Instantly unlock all new and archived articles - Access to AW Research articles & data - Daily, weekly and monthly e-mail newsletters $390 / Year - Everything in Monthly at a 20% discount - Access to AW Research data downloads and annual Manager/Investor Compendiums - Discounts on advertisement rates Discover more real estate New report - exclusive insights. Alternatives watch daily. Get its daily summary of GP and LP news including fund closes, deals, allocations, and people moves, in your inbox at 6 a.m. EDT. Free.

TPG Real Estate has acquired ECHO Realty, a full-service owner and operator of grocery-anchored shopping centres, in a transaction valued at approximately $2 billion. TPG led the deal alongside global investment groups including Public Sector Pension Investment Board, Caisse de dépôt et placement du Québec, and Norges Bank Investment Management. ECHO Realty specialises in high-quality grocery-anchored retail properties. The acquisition demonstrates continued institutional investor interest in retail real estate assets anchored by essential services.