Author: Baiju Kalesh and P R Sanjai

Blackstone Nears Deal to Invest in Warehousing in India

Blackstone Group Inc. has agreed to buy a stake in the warehousing unit of India’s Allcargo Logistics Ltd. for $54 million (3.8 billion rupees) as the U.S. firm seeks to capture the demand in the world’s fastest growing e-commerce market.