Blackstone could exit Emcure
The Blackstone Group may be on the verge of exiting its first investment in India, Emcure Pharmaceuticals, following earlier reports that Kohlberg Kravis Roberts & Co. may be about to commit $50 million to the company - the same amount as Blackstone's original 2006 investment.
The reports of the possible KKR investment also covered a potential follow-on investment by Blackstone. The exit would probably consist of a share buyback by Emcure, which has postponed its IPO plans,...
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