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HPE sells Mphasis stake to Blackstone

2016-04-04 09:11:00| Telecompaper Headlines

(Telecompaper) Hewlett Packard Enterprise said it has agreed to its equity stake in Bangalore IT services Mphasis to the Blackstone Group. Blackstones has agreed to purchase at least 84 percent of HPE's stake in Mphasis for INR 430 per share. The private investor group will also buy the maximum amount of the remaining 16 percent stake that is permitted by Indian securities laws, subject to the outcome of a mandatory tender offer between signing and closing.

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