India: PE firm Blackstone sells 23% stake in Essel Propack worth $252m

India: PE firm Blackstone sells 23% stake in Essel Propack worth $252m

Photo: Bloomberg

The world’s biggest alternative asset manager Blackstone on Friday sold a large chunk of shares, representing almost a quarter of the total shareholding, in packaging firm Essel Propack Ltd through block trades, to various institutional investors.