SYDNEY/MUMBAI :Blackstone is exploring raising $300 million via an India IPO of the International Gemological Institute (IGI), less than a year after it acquired the company, amid booming stock markets in the region, three people familiar with the matter said.Blackstone acquired IGI for $570 million in May 20
Blackstone is exploring raising $300 million via an India IPO of the International Gemological Institute (IGI), less than a year after it acquired the company, ..
Blackstone acquired IGI for $570 million in May 2023 from Chinese conglomerate Fosun and the business s founding Lorie family. IGI has most of its business in India and describes itself as the world s largest independent lab for testing and grading diamonds and other gemstones and jewelry.