The 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.

Mumbai, Feb 11: Anil Dhirubhai Ambani Group's Reliance Power stock, that was listed at 548 rupees on the Bombay Stock Exchange (BSE), was trading at 417 rupees, a discount of 33 rupees, at 1200hrs. Around 34 million shares were either sold or bought so far on the exchange.

On the National Stock Exchange (NSE), the stock was listed at Rs 530, and was trading at 418 rupees with around 80.5 million shares traded on the exchange.

Reliance Power, which last month made the country’s largest-ever initial public offering of three billion dollars, fell at its debut on the stock markets.