Blackstone and GIC execute rare Asian dividend recap
The private equity firm and sovereign wealth fund took advantage of strong bond markets to raise funds to pay themselves a special dividend in an Indian outsourcing company.
![Blackstone and GIC execute rare Asian dividend recap](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FGIC%20logo%20crop.jpg&c=1&h=677&q=100&v=20252623&w=1204)
Blackstone and Singapore's Government Investment Corporation broke new ground for Asia's private equity industry on Tuesday after using the bond markets to raise funds for a dividend recapitalisation in Indian outsourcing company MphasiS.
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