Blackstone closes in on third India power deal
In August 2010, Akhil Gupta, chairman and managing director of Blackstone India, said the private equity firm “would not hesitate” to invest $1 billion in the country’s power sector if attractive deals presented themselves.
Reports added that the timescale for these investments would be three to five years. This week Blackstone is expected to close its third deal in the sector in 15 months, with total expenditure already...
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