Blackstone arm spins dream returns in partial exit from cloud communications firm

By Ankit Doshi

  • 18 Nov 2020
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Credit: 123RF.com

The credit arm of Blackstone Group Inc, the world’s largest private equity investor, has sold nearly two-thirds of its stake in an Indian cloud communications provider and scored high returns from the quick partial exit. Blackstone affiliate Banyan Investments Ltd sold an 11.02% stake in Hyderabad-based Tanla Platforms Ltd for Rs ......

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