Blackstone offers Essel Propack executives exit-linked incentives of $90m

Blackstone offers Essel Propack executives exit-linked incentives of $90m

Abdul Saleem, a deliveryman known as a Wishmaster for Flipkart Online Services Pvt's Ekart Logistics service, sorts packages at the company's office in the Jayaprakash Narayan Nagar area of Bengaluru, India, on Wednesday, Oct. 26, 2016. Photographer: DHIRAJ SINGH/Bloomberg

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.