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.