• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, May 23, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home India News

Blackstone Offers $1.1 Billion To Buy 26% Of India’s Mphasis

by Priyansh Sidhwani
April 27, 2021
in India News, News
Reading Time: 2 mins read
0
Blackstone
TwitterWhatsappLinkedin

Blackstone Offers $1.1 Billion To Buy 26% Of India’s Mphasis

Blackstone

You might also like

Russia Mandates Tracking App for Foreigners in Moscow Region Amid Crime Concerns

Crypto Tycoon Justin Sun’s Stunning Return to U.S. for Private Dinner with Donald Trump 

House Passes Sweeping Trump Tax Bill Amid Controversy Over Cuts and Costs

Blackstone Group will buy Hewlett-Packard Enterprise for 26% of the Indian Mphasis in a $1.1 billion deal, marking the first real estate deal by a US company in the country. The PE giant, which has been mainly involved in property transactions in this country for the past two to three years, announced that it would initially buy HPE. Blackstone said Monday that it would buy HP Enterprise’s stake in Mphasis for $1.1 billion.

The offer is in line with the current market price and represents the acquisition of a 26 percent stake in Mphasis on a fully diluted basis. It has also offered to buy the 26 percent stake of MENSCH at 457.54 rupees per share in order to comply with Indian law.

Depending on the response to the open offer, HPE could receive up to $825 million, while the final cost of the Blackstone transaction could be between $1.1 billion and $2.5 billion, according to sources familiar with the matter. Depending on the reaction of Mphasis’ shareholders and other shareholders in Mensch’s parent company, Hewlett-Packard Enterprise Ltd (HPH), HP E & P, it could also receive up to $675 million in cash, depending on how it reacts to open offers and the eventual cost to Blackstone of the transaction. Depending on how they all and others react in the market.

Information technology, software, and services have been a strong value-added sector over the past two decades, “said Amit Jain, Blackstone India’s chief executive. Information technology and software & services have been the most valuable sector over the past two decades, he said, and have been a stronger sector since its inception in the early 1990s. Information technology, software, and services were the strongest value-added sectors in the first half of the 20th century and in the third quarter of 2016, Amit Jain said. Info Technology & Software & Services is a strong sector in value – creation for the last two decades, said Amit Raghuram Singh, chief executive officer of Blackstones India.

It is a rare opportunity to acquire an asset like Mphasis, which is soon to become one of the most valuable companies in the information technology & software & services sector, “said Amit Raghuram Singh, CEO of Blackstones India. He said Mphasis has a strong track record among Blackstone’s portfolio companies in India’s information, software, and services sectors.

In December 2010, Blackstone announced a $1.1 billion takeover of India’s largest private company, Infosys. In 2010, the company acquired a 60.5 percent stake in the company from Hewlett Packard Enterprise, its largest business in India at the time.

 

 

Tags: BlackstoneInformation TechnologyInfosysSoftware
Tweet54SendShare15
Previous Post

Two Solar Plants in US by Hershey to Reduce Carbon Footprint

Next Post

Google Announces Rs 135 Crore Aid For Covid-Hit India

Priyansh Sidhwani

Hi! I'm Priyansh, I write articles about gaming news here at Techstory. To get in touch E-mail: [email protected].

Recommended For You

Russia Mandates Tracking App for Foreigners in Moscow Region Amid Crime Concerns

by Harikrishnan A
May 23, 2025
0
Apple Complies with Russian Government, Removes VPN Apps from App Store

The Russian government is pushing forward a new regulation that will require all foreign nationals living in the Moscow region to install a mobile tracking app on their...

Read more

Crypto Tycoon Justin Sun’s Stunning Return to U.S. for Private Dinner with Donald Trump 

by Anochie Esther
May 23, 2025
0
Justin Sun

Just a few years ago, Justin Sun a young crypto billionaire with a flashy lifestyle and a growing list of legal headaches wouldn’t dare step foot in the...

Read more

House Passes Sweeping Trump Tax Bill Amid Controversy Over Cuts and Costs

by Anochie Esther
May 23, 2025
0
Donald Trump

In a dramatic late-night vote, the House of Representatives narrowly passed a sweeping piece of legislation backed by former President Donald Trump, setting the stage for a fierce...

Read more
Next Post
Google

Google Announces Rs 135 Crore Aid For Covid-Hit India

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?