Blackstone part-exits Indian auto components maker
The Blackstone Group has realised proceeds of INR 40.4bn (USD 506m) through a partial exit from Sona Comstar, an India-listed manufacturer of automotive systems and components that trades as Sona BLW Precision Forgings.
The private equity firm sold approximate 79.4m shares for INR 509.10 apiece, according to stock exchange data, reducing its stake in Sona BLW from 34.1% to 20.5%. Based on the August 17 closing price,...
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