Blackstone acquires majority stake in Sree Jayajothi Cements for $100M

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Private equity giant Blackstone has struck a deal to acquire 53 per cent stake in Sree Jayajothi Cements Ltd for Rs 550 crore ($100 million), a source privy to the development told VCCircle.Chennai-based Shriram Group firm Shriram EPC bought a majority stake in Sree Jayajothi Cements last year and had ......