Home › HPE to sell majority stake in Indian IT services provider Mphasis to Blackstone
 

Keywords :   


HPE to sell majority stake in Indian IT services provider Mphasis to Blackstone

2016-04-04 10:01:22| IT Services - Topix.net

Hewlett Packard Enterprise is to sell its majority stake in Indian IT services provider Mphasis to Blackstone Group, in a deal that will help the Palo Alto, California, company raise capital as well as continue to get services delivered from India. HPE said the purchase by Blackstone of its shares at rupees 430 a share values its 60.5 percent stake at about US$825 million.

Tags: to services sell provider

Category:Information Technology

Latest from this category

All news
»
29.09When to recline and how to share armrests: Rules for avoiding a mid-flight row
29.09Atlantic Tropical Weather Outlook
29.09Eastern North Pacific Tropical Weather Outlook
28.09Hurricane Isaac Graphics
28.09Hurricane Isaac Forecast Discussion Number 12
28.09Tropical Storm Joyce Graphics
28.09Hurricane Isaac Wind Speed Probabilities Number 12
28.09Hurricane Isaac Forecast Advisory Number 12
More »