Tuesday, January 14, 2020

Blackstone to buy stake in India’s Allcargo unit for $53.6 mn

Blackstone to buy stake in India’s Allcargo unit for $53.6 mn

January 14, 2020: Blackstone Group, a New York-based private equity firm has agreed to buy a stake in the warehousing unit of India’s Allcargo Logistics for Rs 380 crore ($53.6 million) as the US firm seeks to develop logistics parks in key consumption hubs in India.Blackstone has so far invested over $5 billion in the country's real estate across

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