NIFTY 50

Blackstone Group likely to buy Piramal Glass for around $950 million

Updated : December 03, 2020 15:45:50 IST

Global private equity firm Blackstone Group is reportedly planning to buy Piramal Glass for around $950 million, sources privy to the developments told CNBC-TV18.

According to multiple people familiar with the development, the deal will be announced in a few days. Blackstone Group is going to announce the acquisition of Piramal Glass as soon as next week itself.

Coming to the deal size, there will be two components. One will be the upfront payment to the Piramal Group and the second will be the earnout component.

CNBC-TV18's Nisha Poddar gets the exclusive details.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you