Blackstone Sells 13.6% Stake In India’s Sona BLW for ~USD504m

Source(s): PTI

Blackstone sold a 13.6% stake in India-listed auto parts maker SONA BLW Precision Forgings for over INR40b (~USD504m) through open market transactions. Blackstone acquired the company from JM Financial Group in July 2019 for INR12.1b (~USD176m) and sold a partial stake through SONA BLW’s INR56b (~USD749m) IPO in June 2021. Read more