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Blackstone has sold 3.25% stake in NCC

According to the infrastructure firm NCC, Blackstone GPV Capital Partners (Mauritius) has offloaded 3.25 percent stake in the company through open market sales.

It has said in a regulatory filing that Blackstone GPV Capital Partners (Mauritius) V-A Ltd and Blackstone FP Capital Partners (Mauritius) V FII Ltd sold 1,80,60,002 shares of the company constituting 3.25 percent stake through open market sales.

It further said that the sales took place between April 10, 2015 and August 24, 2016.

Blackstone’s stake, post the sales, declined from 10.24 percent to 6.99 percent.

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