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.

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