Industry Newsroom

Blackstone to Roll Over Stake in India’s Mphasis to New Funds for USD2-2.8b; ADIA, UC & GIC to Co-Invest

Three Blackstone affiliate funds have partnered with Abu Dhabi Investment Authority, UC Investments and GIC to roll over the 55.31% stake in India-based IT outsourcing service provider Mphasis currently held by Blackstone Capital Partners VI for a reported USD2-2.8b. The agreement triggered an open offer for an additional 26% stake worth USD1.1b. Read more