Blackstone seals multiple deals to create India’s No.3 hotel chain, injects over $170 mn

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Private equity firm Blackstone has struck almost a dozen deals over the past month through its India joint venture with Pune developer Panchshil Realty to stitch together the South Asian nation’s third-largest hotel chain by revenue.  The world’s biggest buyout firm also invested Rs 1,450 crore ($172.6 million) through a preferential ......