The Singaporean state investor is making ready to amass about 20% of carefully held VFS, which is managed by U.S. different asset supervisor Blackstone Inc., individuals conversant in the matter mentioned. . Temasek and Blackstone are finalizing particulars of the deal and will announce it as quickly as Monday, individuals conversant in the matter mentioned. Individuals conversant in the matter mentioned that after the transaction is accomplished, Blackstone will stay the bulk shareholder of VFS.
Blackstone has been weighing choices together with promoting all or a part of VFS after receiving curiosity from buyers together with sovereign wealth funds, Bloomberg reported on Friday. VFS has a big presence in India, offering visa utility providers to U.S. consulates in a number of cities.
