Blackstone sells stake in Indian auto parts maker to consortium

Reuters

Published Jul 30, 2015 07:37AM ET

Blackstone sells stake in Indian auto parts maker to consortium

(Reuters) - A fund run by U.S. private equity firm Blackstone Group (N:BX) has sold its 97.9 percent stake in Indian auto components maker Agile Electric Sub Assembly to a group of buyers, including Japan's Igarashi Electric Works, for an undisclosed amount.