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India’s take-private norms a ‘mathematical impossibility’: Blackstone's Jon Gray

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India’s take-private norms a ‘mathematical impossibility’: Blackstone's Jon Gray

The Indian government's reforms allowing the privatization of listed companies could lead to increased value for investors in the Indian market, according to Jonathan Gray, President and COO of Blackstone. Gray believes that the ability to take companies private, improve them, and then bring them back to the market could unlock the market's potential. Currently, the requirement for more than 90% of shareholders to approve a take-private motion is seen as a hindrance, and Gray suggests that reducing the timeline to close deals would make the Indian market more attractive. Blackstone is the third-most important market for the firm, and it plans to increase its investments in India.

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