News and developments in Asia private equity from Reuters News for the week ending March 14. MARCH 14INDIAN SILK and jewellery retailer Kalyan Group is holding separate talks with Blackstone Group, TPG Capital Management and Temasek Holdings to sell a minority stake for $200-$250 million, two sources with direct knowledge of the matter told Reuters.A TEMASEK-led shareholders group has offered to pay $2.1 billion in cash for shares in Olam International Ltd they don't already own, putting the heft of the Singapore state investor behind the commodity trading firm's weak balance sheet.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX fell by 1.41% or $-0.47/share to $32.94. In the past year, the shares have traded as low as $18.76 and as high as $35.39. On average, 5129120 shares of BX exchange hands on a given day and today's volume is recorded at 4999206.
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