ChrysCapital accumulates 7.2% stake in NCC
ChrysCapital has bought a 7.2% stake in NCC, an Indian construction company backed by Blackstone Group, for INR1.37 billion ($30 million). The purchases – 18.5 million shares in total – were made on the open market by ChrysCapital unit Warhol between May and August.
AVCJ reported in May that the private equity firm had taken an undisclosed minority stake in the company, paying 50% less per share than Blackstone paid due to erosion in NCC's share price. Blackstone...
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