Blackstone makes another partial exit from India’s Gokaldas
The Blackstone Group has sold down stock worth INR2.9 billion ($4.3 million) in India-listed garment manufacturer Gokaldas Exports as part of an ongoing exit from the company.
According to a filing, the shares were sold for INR113.5 apiece, which represents less than half of the stock's value when the firm made its initial investment in 2007. At this time, Blackstone committed...
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