HP sells Mphasis stake to Blackstone

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The Blackstone Group and private equity funds managed by Blackstone have acquired a majority stake in Mphasis from Hewlett-Packard for approximately US$1.1 billion. This is Blackstone’s largest investment in India to date.

Business_concept_moneyMphasis is an IT services provider offering applications, business process outsourcing and infrastructure services. It is listed on the National Stock Exchange and the Bombay Stock Exchange.

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