Blackstone Invests $43.69 Million in India's SH Kelkar & Co.

Private equity firm Blackstone Group LP has reportedly bought a significant minority stake in SH Kelkar & Company, an India-based maker of specialty fragrance and flavor ingredients. 

According to news reports, including a recent Reuters story, Blackstone invested 2.43 billion rupees (or $43.69 million) in India's largest fragrance and flavor company, which also has a presence in Singapore, Indonesia and Thailand. 

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