š”š²šš š¦ššŗšŗš®šæš
ā¢ Blackstone is exiting the distressed assets space in India by selling its controlling interest in a joint venture with Tata group, HDFC Bank, and ICICI Bank.
ā¢ Mathew Cyriac, former PE co-head for Blackstone India, is expected to buy a controlling 51% stake in the venture.
ā¢ Other key shareholders, including Cyriac's Florintree Advisors and Shriram Transport Finance, are expected to continue their involvement.