 "Ashok Goel, the CMD of Essel Propack,")
Private equity major Blackstone said on Monday it was making its largest investment in the consumer sector in India by picking up a 51 per cent stake in Essel Propack for up to Rs 3,211 crore ($460 million). Essel Propack is the Indian packaging supplier to Colgate-Palmolive and Olay. It is the largest manufacturer of laminated tubes in the world.
Blackstone will buy 51 per cent in the specialty packaging company from promoter Ashok Goel at Rs 134 a share. This will cost Rs 2,157 crore. The deal will also trigger the mandatory open offer for a 26 per
Blackstone will buy 51 per cent in the specialty packaging company from promoter Ashok Goel at Rs 134 a share. This will cost Rs 2,157 crore. The deal will also trigger the mandatory open offer for a 26 per
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