Blackstone Group invested $250m in Future Lifestyle Fashions, an integrated fashion company in India. Blackstone is expected to take 6-7% holding in the company. The primary investment will be through a combination of equity and structured debt that will fund the capital expansion of the deep-discount retail format Brand Factory. The structured credit line will be for five years with a fixed coupon while the equity upside is expected to accrue through Blackstone’s stake in Future Lifestyle’s operating company.