Blackstone offers to pay key employees of Sona Comstar a part of stake sale proceeds

Blackstone offers to pay key employees of Sona Comstar a part of stake sale proceeds

Photo: Bloomberg

Private equity firm Blackstone is seeking shareholder approval for an exit return incentive (ERI) plan that envisages to pay a compensation of 1-4% of the proceeds that Blackstone will generate from a future sale of its stake in Sona Comstar (Sona BLW Precision Forgings Ltd) to select executives of the company, the company said in annual general meeting notice to shareholders.