Schwarzman Marries Into Hinduja Family

The Hinduja family, majority owners of Indian apparel maker Gokaldas, accepted Blackstone's dowry of $165 million to take Steve Schwarzman into its clan. The blushing Blackstone bride will eventually hold up to 70% of the company. Blackstone will acquire an initial 50.1% stake followed by a secondary offering for 20% of the company required by Indian takeover law.
Blackstone acquires apparel maker [TheDeal.com]