Blackstone begins listing process for Ventive Hospitality and IGI in India

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Blackstone begins listing process for Ventive Hospitality and IGI in India - Business Standard

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The US-based private equity major and its local partner are looking to raise Rs 2,000 crore by selling up to a 10 per cent stake in Ventive Hospitality and a similar stake in IGI to raise up to Rs 4,000 crore.

With Indian stock markets reaching new highs, Blackstone Inc., the US-based private equity giant, has begun the process of listing two of its Indian investments: Ventive Hospitality, a joint venture with the Panchshil Group, and the International Gemological Institute (IGI), a diamond grading company.