Blackstone sells 13.6 pc stake in auto component maker Sona BLW for Rs 4,000 cr

Updated: Aug 18 2022 7:50PM

New Delhi, Aug 18 (PTI) Private equity firm Blackstone on Thursday divested 13.6 per cent stake in auto component maker Sona BLW Precision Forgings Ltd for over Rs 4,000 crore through open market transactions.

The shares were picked up by the Government of Singapore and SBI Mutual Fund among others, bulk deal data with the BSE showed.

Blackstone, which holds a stake in Sona BLW through an entity called Singapore VII Topco III PTE. Ltd, offloaded a total of 7.94 crore shares or 13.6 per cent stake in the company, the data showed.