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Blackstone to Sell Funds to Aberdeen, Business Standard Says

Sept. 24 (Bloomberg) -- Blackstone Group LP, the world’s biggest private-equity firm, plans to sell the India Fund Inc. and Asia Tiger Fund Inc. to Aberdeen Asset Management Asia Ltd., the Business Standard Newspaper said.

Punita Kumar Sinha, New-York based chief investment officer at Blackstone Asia Advisors LLC., who managed both the funds, will leave the company, the newspaper said, citing Sinha.

To contact the reporter on this story: Anurag Joshi in Mumbai at ajoshi53@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

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