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Blackstone gearing up for third crucial exit in India

Eyes exit in India's largest business correspondent services provider - Fino PayTech

The Blackstone Group, among the top private equity funds globally, is understood to be readying for its third important exit from a slew of poor performing bets in India. The fund, which has investments of about $2.5 billion in a clutch of 26 transactions, is understood to be in various stages of scripting its exit from Fino PayTech, India's largest business correspondent services provider. This move to exit Fino PayTech comes hardly a few weeks after Blackstone signed a healthy deal to exit Emcure Pharmaceutical for Rs 650 crore in favour of another global private equity player - ...