Blackstone picks stake in Moser Baer

Blackstone picks stake in Moser Baer

Blackstone, on Wednesday, said it would pick up minority stake in Moser Baer Projects for US$300 million (Rs 1,350 crore). The investment would be used  for financing its upcoming power plants.  Moser Baer Projects plans to commission 5,000 MW of projects by 2016 .

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