
Blackstone buys majority stake in Indian wealth manager

The Blackstone Group has acquired a majority stake in Indian wealth manager Ask Investment Managers, taking out positions held by Advent International and other investors.
The size of the transaction was not disclosed, but local media reported the valuation to be USD 1bn. Blackstone is taking a 71% stake in the business, including 49% from Advent, 11% from co-founder Asit...
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