In the month of August 2007, the United States based Blackstone Group had purchased a 50.1 percent stake in the Gokaldas Export for around $116 million. The venture was a dual-part transaction that comprised an "open offer" to Gokaldas investors for another 20 percent of outstanding shares valued at about $45 million.
This presented Blackstone a total allocation of just over 68 percent though the Hinduja family conserved 20 percent and other shareholders the rest.
PUBLICATION DATE: January 06, 2013 PRODUCT #: SM213B-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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