Blackstone to acquire 51% stake in Essel Propack for $460 million
  • WebDesk BTVI
  • Apr 23 2019

Senior MD of Blackstone, Amit Dixit, says that the firm is committing up to Rs 3,211 crore to acquire majority stake in Essel Propack. Blackstone will buy Essel Propack shares at Rs 134, and plans to later launch a mandatory open offer at Rs 139/share. Essel Propack VC & MD Ashok Goel says they have found a suitable partner in Blackstone who will continue the legacy of the firm.