Blackstone agrees $1b acquisition of India's Piramal Glass
The Blackstone Group has agreed to buy Piramal Glass, a glass packaging business owned by Indian conglomerate Piramal Group, for an enterprise valuation of INR75 billion ($1 billion).
It represents the largest-ever transaction in India’s packaging industry and ranks among the top three in Asia over the past 20 years, according to Axis Capital, an advisor on the deal. It also continues...
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