Blackstone, SCPE vie for stake in Indian IT product distributor
Blackstone and Standard Chartered Private Equity (SCPE) are reportedly in the final bidding stages to take a nearly 15% stake in Redington India, a telecoms and IT products distributor. An announcement on the INR500 crore ($111.65 million) deal is expected in the next few days.
The stake has been put on the block by Singapore-based resources network Kewalram Chanrai Group, reported The Times of India, citing sources close to the sale. Kewalram Chanrai holds approximately 30%...
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