India: Blackstone in advanced talks to buy L&T AMC

India: Blackstone in advanced talks to buy L&T AMC

The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid - RTSDKHE

Blackstone Group Inc. is in advanced talks to buy L&T Asset Management Co. as the private equity giant looks to double down on its investments in India, its strongest performer, amid depressed valuations because of the coronavirus outbreak, two people with direct knowledge of the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter