Blackstone mulls Mphasis exit as stock up 3x in 4 years
Synopsis
At CMP, PE fund’s 56% stake is worth Rs 13,752 crore. Move to trigger an open offer; KPMG vendor dilligence begin .
The world’s largest PE fund Blackstone is weighing its exit from Mphasis, the technology company it acquired from Hewlett Packard Enterprise in 2016, thereby paving the way for its biggest payday in India, according to multiple people aware. Blackstone has initiated discussions with at least three global investment banks JP Morgan, Morgan Stanley and Citi for a sell side advisory mandate while KPMG has already begun vendor diligence, added the
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