PE firms buy stakes in Tanla Platforms from Blackstone arm

New Delhi: Two overseas private equity players have bought stakes in cloud communication service provider Tanla Platforms from GSO Capital Partners, the hedge fund and credit investment arm of Blackstone group, via block deals.

US-based Capital Group has bought 8.6 million shares of Tanla while Singapore’s Amansa Capital has purchased 4.08 million shares from GSO Capital Partners. The promoter family had also increased its stake by buying 1.96 million shares from the Blackstone group arm, a senior executive of the company told ET.