Blackstone Invests in Indian Seed Company

MUMBAI (Reuters) – Private equity firm Blackstone said on Tuesday it has taken a minority stake in unlisted Indian firm NSL Seeds for an undisclosed sum, marking its eighth deal in India.

NSL Seeds is a hybrid seed company engaged in production and marketing of cotton seeds, rice, sunflower and pearl millet seeds, Blackstone said in a statement.

No other details were immediately available.

Blackstone set up an Indian office in 2005 and has announced deals worth over $1 billion.

(Reporting by Narayanan Somasundaram; Editing by Charlotte Cooper)