Blackstone says its investments in India have become its best performing anywhere in the world, and that the country is nearing what its president calls a "tipping point" for foreign capital. Jon Gray, president and chief operating officer of Blackstone, described the shift in an interview with Bloomberg Television's Wall...
Blackstone Invests $705 million in India’s Federal Bank
India’s Federal Bank announced on October 24 that it will sell a 9.99% stake to Asia II Topco XIII Pte. Ltd., an affiliate of private equity firm Blackstone, for $705 million. Once finalized, this deal will make the Blackstone affiliate the bank’s largest shareholder. The bank’s Board has also approved...