Magzter GOLD ile Sınırsız Olun
Sadece 9.000'den fazla dergi, gazete ve Premium hikayeye sınırsız erişim elde edin
Blackstone Capital looking to halve its stake in PGP Glass
Hindustan Times
|December 11, 2023
The PE firm has appointed Jefferies to find buyers; global funds sounded out
Global private equity (PE) firm Blackstone Inc. is looking to sell as much as 50% stake in PGP Glass Pvt. Ltd that it acquired three years ago, three people aware of the development said.
The PE firm has named investment bank Jefferies Group Llc to find buyers for the bottle maker earlier called Piramal Glass, and large global funds have been sounded out, the people said on the condition of anonymity. “The deal is at a very early stage. The information memorandums (IMs) are yet to be sent out. Some PE funds have been informally approached," one of the persons said.
Blackstone bought 100% stake in PGP Glass in 2020 from the Piramal Group for ₹6,988 crore (about $1 billion then). While $850 million was paid upfront, around $150 million was set to be paid later after certain milestones.
The partial stake sale will help the US-based PE firm derisk its investment in the Mumbai-based firm, the second person cited above added.
Bu hikaye Hindustan Times dergisinin December 11, 2023 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Hindustan Times'den DAHA FAZLA HİKAYE
Hindustan Times
INDIGO FACES CCI PROBE AFTER ITS OPERATIONAL MELTDOWN
The Competition Commission of India (CCI) announced on Thursday that it will investigate complaints received regarding IndiGo's flight disruptions.
1 min
December 19, 2025
Hindustan Times
'Winning WPL, World Cup made me more positive'
Indian pacer Renuka Singh Thakur was snapped up by Gujarat Giants (GG) for ₹60 lakh at the Women’s Premier League (WPL) 2026 auction.
3 mins
December 19, 2025
Hindustan Times
WORK ON DRAIN NEAR ZAKHIRA FLYOVER BEGINS
The Public Works Department (PWD) has started constructing a drain and sump near the Zakhira flyover in west Delhi to resolve the persistent problem of waterlogging, given that the underpass in the vicinity has been shut multiple times during monsoon due to flooding.
1 min
December 19, 2025
Hindustan Times
India's high dope numbers point to a deeper rot
India, for the third straight year, has topped the global list of dope offenders as per the statistics released by World Anti Doping Agency (WADA) in their Testing Figures Report for 2024.
3 mins
December 19, 2025
Hindustan Times
Red retreat: Is LDF on its way out in Kerala?
Results for Kerala's local body polls were declared over the weekend. These polls come months before the 2026 assembly elections and have historically been a bellwether for the assembly polls.
2 mins
December 19, 2025
Hindustan Times
Govt opens bids for 3rd party environmental auditors
India will soon have a cadre of private third party environmental auditors to ensure industries, processes, activities are meeting environmental norms, outsourcing a key responsibility of the State in an effort to cut delays and improve ease of doing business, although environmentalists are worried that this could end up giving industry a free rein.
1 mins
December 19, 2025
Hindustan Times
PUC rush doubles as 'no fuel' rule kicks in
The implementation of Delhi government's “No PUCC, No Fuel” rule on Thursday triggered a sharp surge in demand for Pollution Under Control Certificates (PUCCs), leading to overcrowding and confusion at fuel stations across the capital, officials and motorists said.
1 mins
December 19, 2025
Hindustan Times
K'TAKA PASSES BILL CRIMINALISING SOCIAL BOYCOTTS
The Karnataka assembly on Thursday unanimously passed a bill aimed at curbing caste and community driven exclusion, which, if enacted, would make it the second state after Maharashtra to criminalise the practice.
1 min
December 19, 2025
Hindustan Times
Food security as important as energy security: PM in Muscat
Food security is going to become a major global challenge in the coming years, Prime Minister Narendra Modi said at the India-Oman Business Summit on Thursday and urged business communities of the two sides to take their partnership to the next level through collaborations in key areas.
2 mins
December 19, 2025
Hindustan Times
India must do more in its fight against doping
India has once again topped the global doping charts, as per data analysed by the World Anti Doping Agency underlining gaps in the country's anti-doping efforts.
1 mins
December 19, 2025
Translate
Change font size