Blackstone to acquire majority stake in India's Essel Propack for up to $460m

Blackstone to acquire majority stake in India's Essel Propack for up to $460m

Blackstone Group LP headquarters stands in New York, U.S., on Friday, April 14, 2017. Photograph: Victor J. Blue/Bloomberg

Blackstone Group, one of the largest alternatives asset managers globally, on Monday said that it has entered into a definitive agreement with Ashok Goel Trust to purchase a majority stake in Essel Propack Ltd.

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