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Blackstone invests US$170m in India's IBS Software
Published Wed, Dec 16, 2015 · 09:50 PM
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Mumbai
US PRIVATE equity firm Blackstone Group LP has bought a minority stake in India's IBS Software for US$170 million from General Atlantic and other shareholders.
Blackstone and IBS, a software company involved in the travel, hospitality, logistics and oil and gas industries, said on Wednesday that the deal was expected to close within a month, subject to regulatory approvals, according to a joint statement.
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