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BW Businessworld

Blackstone Invests Rs 521 Cr In ITL

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The Blackstone Group has invested $100 million (approx. Rs 521.5 crore) for a 12.5 per cent stake in India's International Tractors Ltd (ITL), the US private equity company said in a statement. ITL, which manufactures tractors, is the flagship company of India's Sonalika Group.