IL&FS Milestone invests $122 million in Indian construction company
India’s IL&FS Milestone Fund is poised to take a 74% stake in the Hindustan Construction Co. following an INR5.75 billion ($122.3 million) investment.
According to local reports, the private equity firm may have bid against Blackstone Real Estate Group, a subsidiary of the US-based Blackstone Group, and a Morgan Stanley unit for the unlisted company,...
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