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ESSELPACK - Essel Propack News Story

₹185.15 -3.1  -1.7%

Last Trade - 27/02/20

Sector
Basic Materials
Size
Mid Cap
Market Cap £632.4m
Enterprise Value £679.1m
Revenue £299.4m
Position in Universe 309th / 3164

Blackstone-backed funds to buy majority stake in India's Essel Propack

Mon 22nd April, 2019 1:13pm
April 22 (Reuters) - India's packaging company Essel Propack
Ltd  ESSL.NS  said on Monday that private equity funds backed by
Blackstone Group  BX.N  agreed to buy a majority stake in the
company.
    The consortium of funds will buy a 51 percent stake in Essel
from promoter Ashok Goel Trust and the deal value will range
from $310 million to $462 million based on the open offer, Essel
said.
($1 = 69.6700 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru; Editing by
Shreejay Sinha)
 ((chandini.m@thomsonreuters.com; +91-82-6749-7919; Reuters
Messaging: chandini.m.thomsonreuters.com@reuters.net))
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