NEW DELHI -- Global private equity company Blackstone has invested 17.5 billion rupees ($244 million) by way of debentures in Ryka Commercial Ventures, the holding company of Future Lifestyle Fashions, the companies said in a joint statement.
As a part of the transaction, Blackstone acquired a 6% stake in FLF through a block deal with Ryka, the statement said. With this transaction, Blackstone will be the only financial partner in Ryka.
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