Blackstone Buys 10.38% Stake In Allcargo Global

Blackstone GroupThe world's biggest private equity firm, Blackstone Group is all set to invest around Rs 240 crore to purchase 10.38% stake in Mumbai-based logistics firm Allcargo Global.

Besides, the US-based company has also expressed its intention to buy another 4.61% of the enhanced paid up equity from the open market.

Allcargo will issue 1,000 equity shares and 1,081,081 fully and compulsorily convertible debentures (FCCD), convertible into an equal number of equity shares, at Rs 934 each to Blackstone.

Nawaz Sharif may support PPP’s premier

Lahore, Feb 21: Sharif may support PPP’s premierPakistan Muslim League-N

Tirade against north Indians affects construction industry

Raj Thackeray-led Maharashtra Navirman SenaPune, Feb.

Residents anticipate a heavy rush of devotees during Amarnath pilgrimage

Pahalgam (J-K), Feb 21: Amarnath pilgrimageFollowing heavy snowfall in Pahalgam, Residents anticipate a heavy rush of devotees during the annual Amarnath pilgrimage, benefiting the region's economy.

The livelihood of thousands of residents of Pahalgam and nearby areas is heavily dependant upon the Amarnath pilgrimage, which attracts large number of pilgrims during summer.

Sonia Gandhi to visit avalanche-hit areas of J&K

Jammu, Feb 21: Congress Party President Sonia GandhiCongress Party

Nawaz Sharif, Asif Ali Zardari to discuss government formation today

Islamabad, Feb 21: Asif Ali Zardari and Nawaz SharifPakistan Muslim Le

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