Blackstone ups the ante in India

We have posted several times recently (here and here) on the rate at which PE and VC investment in Indian media and related services is outpacing China. Now we see from contentsutra.com that Blackstone has significantly raised the bar with a $275 million investment in Hyderabad-based print and broadcast media company Ushodaya Enterprises.

Akhil Gupta, Chairman and Managing Director of Blackstone Advisors India Private Limited,
is quoted in the company's press release saying, “We believe that the Indian media sector will be a key beneficiary of a secular trend in growth in personal consumption that is driving India’s economic expansion which in turn will spur advertising growth".