News Brief | November 2015
PE group Blackstone partially exit HPPL holdings
As Hindustan Power Projects (HPPL), gears up for an initial public offering (IPO), leading global private equity fund Blackstone Group is set to make one of its best returns from its biggest infrastructure bets in India.
HPPL, will be looking to raise as much as Rs.3,200 crore in what could be one of the biggest infrastructure IPOs in recent years. Citigroup has been mandated as lead manager to the issue, which will value the company at Rs.12,800 crore, sources said.