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Reuters – Blackstone Backs Indian Tractor Manufacturer

The Blackstone Group has invested $100 million for a 12.5 percent stake in India’s International Tractors Ltd, writes Reuters. ITL, which manufactures tractors, is the flagship company of India’s Sonalika Group.

Reuters – The Blackstone Group has invested $100 million for a 12.5 percent stake in India’s International Tractors Ltd (ITL), the U.S. private equity company said in a statement on Monday.

ITL, which manufactures tractors, is the flagship company of India’s Sonalika Group.