Liquidity Events
Blackstone sells auto comp. maker Sona BLW shares for Rs.4,917-Cr; registers 11.57x return
Blackstone has sold its 20.50% stake in publicly-listed Sona BLW Precision Forgings through a bulk deal on the BSE. The sale aggregates to INR 4,917.43 crore. Post the sale, Blackstone has completely exited from the firm with an estimated 11.57x return on its investment.
From the Venture Intelligence PE-VC Deal Database: In Jul 2019, Blackstone invested INR 1,228.19 Cr for 66.28% stake in Sona BLW Precision Forgings. The firm had previously made 2 partial exits from the company - realizing over $700 M via Sona’s Jun-21 IPO and via the public markets in Aug-22, when it sold shares worth over $500 M. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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