Blackstone to sell Sona BLW's shares worth nearly Rs 4,000 cr on Thursday

About 13.6% stake in Sona BLW Precision Forgings is likely to be sold via block deals on Thursday

Blackstone Inc. is seeking to raise as much as Rs 3,180 crore ($400 million) through the sale of shares in Indian automotive component maker Sona Comstar, according to terms of the deal seen by Bloomberg News.
 

An affiliate of the US firm is offering the shares in Sona BLW Precision Forgings Ltd., as it is formally known, at Rs 500 each, the terms show. That’s a 7.2% discount to Wednesday’s closing price.
 

If there’s enough investor demand, Blackstone could increase the deal size to Rs 3,970 crore, according to the terms. About 13.6% stake in Sona BLW Precision Forgings is likely