© Reuters. FILE PHOTO: Employees and security staff work at the reception area of Cipla at its headquarters in Mumbai, India June 17, 2015. REUTERS/Danish Siddiqui/FILE PHOTO

(Reuters) – U.S. based private equity fund Blackstone (NYSE:) will submit a bid next week to acquire a 33.47% stake in Indian drugmaker Cipla, the Economic Times reported on Friday, citing people in the know.

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