Blackstone to buy Mphasis in deal worth as much $1.1 billion

Blackstone to buy Mphasis in deal worth as much $1.1 billion

Private equity firm Blackstone said it struck a deal with Hewlett-Packard Enterprises to buy a majority stake in Mphasis, putting an end to the buyout battle for the Indian IT firm.br HP Enterprises owns about 60.5 of Mphasis'shares. Blackstone said it had agreed to pay Rs 430 per share to the US technology company.br ET NOW gets you more details.


User: ET NOW

Views: 11

Uploaded: 2016-04-05

Duration: 05:49

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