Blackstone, the world’s largest alternative asset manager, on Monday exited auto component maker Sona BLW Precision Forgings by selling its entire stake in an open market block deal. Share price of Sona BLW fell at least 7.5% on BSE after the sale of large stake. While Blackstone Sona exited BLW, several companies bought related shares. The largest buyer in the latest block deal of gold BLW will be the Singapore government.
According to BSE data, Blackstone unit Singapore VII Topco III PTE. Ltd — sold its entire shareholding in Sona BLW to the extent of 119,925,641 equity shares or 20.50%. was made on sale of stake 410.04 per share.
Overall, Blackstone’s stake comes around the sale 4,917.43 crore in gold BLW.
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