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Sona Comstar will launch its initial public offer on June 14 in the Indian markets. The company backed by BlackStone Group is planning to raise Rs 5500 crore from the Indian primary market.
The world's biggest private equity firm, Blackstone Group is all set to invest around Rs 240 crore to purchase 10.38% stake in Mumbai-based logistics firm Allcargo Global.
Besides, the US-based company has also expressed its intention to buy another 4.61% of the enhanced paid up equity from the open market.
Allcargo will issue 1,000 equity shares and 1,081,081 fully and compulsorily convertible debentures (FCCD), convertible into an equal number of equity shares, at Rs 934 each to Blackstone.
The world's biggest private equity firm, Blackstone Group is all set to invest around Rs 240 crore to purchase 10.38% stake in Mumbai-based logistics firm Allcargo Global.
