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Blackstone to Buy 15.5% of IIFL Finance in $532 Million India Bet

Blackstone Inc. will acquire a 15.57% stake in mid-sized Indian shadow lender IIFL Finance Ltd. for about 50 billion rupees ($532 million), deepening its push into the country’s financial sector as global investors increasingly seek exposure to its fast-growing economy.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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