The Blackstone Group L.P. (NYSE:BX) is in the final leg of negotiations to buy a commercial property of Carnival Group International Holdings Limited (SEHK:996). The deal size will be around INR 22 billion. "The property is a non-core asset for Carnival.

Since it is not a property developer, it wants to exit the property with handsome gains," said a source in the know. When contacted, a spokesperson of Blackstone said, "As a matter of policy, Blackstone does not comment on media/market speculations." A mail sent to Carnival group did not get any response.