Blackstone buys majority stake in Indian packaging firm Essel Propack
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(Reuters) - U.S.-based Blackstone Group agreed to buy a 51 percent stake in Essel Propack Ltd, India's largest rigid plastic packaging provider said https://www.nseindia.com/corporate/SURJE_SINGH_22042019172429_SE_Letter_378.pdf on Monday.Blackstone will buy the stake from the Ashok Goel Trust at 134 rupees per share, representing a premium of 1.1 percent over the company's Monday closing price.Under India's takeover rules, the transaction triggered a mandatory open offer in which Blackstone,..