Blackstone sells stake in Indian auto parts maker to consortium

The Group has sold its 97.9% stake in Indian auto components maker

A fund run by US private equity firm Blackstone Group has sold its 97.9 percent stake in Indian auto components maker Agile Electric Sub Assembly to a group of buyers, including Japan's Igarashi Electric Works, for an undisclosed amount.

The other buyers are Indian investment bank MAPE Securities and two funds run by financial firm Tata Capital, according to a statement from Tata Capital.