U.S.-based Blackstone Group intends to invest approximately $500 million to $720 million annually in India during the coming few years, Reuters reports. The private equity major expects to finalize five or six transactions annually of about $100 million to $120 million each in the country.

Alternative asset manager and financial services company Blackstone runs approximately $128 billion internationally. It has been very active in India as a private equity investor having put close to $1.8 billion into the country since 2006.

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