Blackstone makes $253m part-exit from India's Essel Propack
The Blackstone Group has made a partial exit from Indian packaging manufacturer Essel Propack (EPL) – which provides the tubes to 40% of the world’s toothpaste – generating proceeds of INR18.6 billion ($253.4 million).
The private equity firm sold approximately 72.6 million shares for INR256.44-256.49 apiece, according to stock exchange data. Its stake in EPL has fallen from 75% to 52%. Most of the shares were picked...
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