Blackstone to buy Agile Electric Works for $100 mln-sources

Newswire

MUMBAI, July 17 (Reuters) - U.S. private equity giant Blackstone Group LP has agreed to buy a majority stake in Indian auto parts maker Agile Electric Works, which controls Igarashi Motors, for about $100 million, two sources with direct knowledge of the matter told Reuters. Blackstone declined to comment, while Agile was not immediately available for comment. Indian investment bank Mape Advisory Group is advising the seller, the sources said. ...

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