**[investwise]** Blackstone Asia Buys It's Way Into Development Credit Bank

 

DCB vaults to 52-week high on foreign fund buying Development Credit Bank spurted 4.85% to Rs 61.65 at 09:18 IST on BSE after a foreign private equity firm acquired a 0.56% stake in the private sector bank on Monday, 4 October 2010. Blackstone Asia Advisors Llc bought 11.28 lakh shares at an average price of Rs 58.88 per share of Development Credit Bank (DCB) in a bulk deal on the NSE. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

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