India: Blackstone offers Essel Propack execs exit-linked incentives of up to $89m

Private equity (PE) firm, Blackstone, which acquired packaging products maker, Essel Propack Ltd, last year, has offered the latter’s executives an exit-linked incentive plan where select employees of Essel can make up to $89 million, or ₹672 crore, if Blackstone exits the firm at certain predefined return thresholds.