Sources close to the deal said Blackstone would acquire a 26% stake in Ushodaya and get proportionate representation on the board whose constitution is yet to be finalized. None of the Ramoji Rao group companies are listed and no financial information for Ushodaya Enterprises was disclosed.
Ushodaya Enterprises was set up over 30 years ago as part of...
¬ Haymarket Media Limited. All rights reserved.