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Blackstone, which had bought a majority 60.5 per cent stake in Mphasis in 2016 from Hewlett Packard Enterprise Co for <span class='webrupee'>₹</span>430 a share, will acquire additional shares for <span class='webrupee'>₹</span>1,452 to <span class='webrupee'>₹</span>1,497 apiece.(Bloomberg)

Blackstone commits up to USD 2.8 bn to acquire controlling stake in Mphasis

PTI | , New Delhi
PUBLISHED ON APR 26, 2021 08:09 PM IST
A wholly-owned subsidiary of the Abu Dhabi Investment Authority, UC Investments and others will co-invest along with Blackstone
At the end of March 2021 quarter, Marble II Pte Ltd, a fund managed by Blackstone, held 56.03 per cent stake in Mphasis.(MINT_PRINT)
At the end of March 2021 quarter, Marble II Pte Ltd, a fund managed by Blackstone, held 56.03 per cent stake in Mphasis.(MINT_PRINT)

Mphasis shares gain nearly 2 pc

PTI | , New Delhi
UPDATED ON APR 26, 2021 08:02 PM IST
  • The stock went higher by 1.62 per cent to close at 1,725.25 on the BSE. During the day, it gained 6.32 per cent to 1,805.
Signage is displayed outside Blackstone Group LP headquarters in New York, US.(Victor J. Blue/Bloomberg)
Signage is displayed outside Blackstone Group LP headquarters in New York, US.(Victor J. Blue/Bloomberg)

Blackstone’s one-of-a-kind India IPO confronts rising interest rates

Bloomberg | By Rahul Satija, Dhwani Pandya and Anto Antony
UPDATED ON JUN 20, 2018 03:03 PM IST
Blackstone and local partner Embassy Group plan to file a prospectus for an initial public offering of the REIT as early as next month, a deal that may raise as much as $1 billion, people with knowledge of the matter said
Pedestrians cross a street outside the UCO Bank headquarters in the BBD Bagh area of Kolkata, West Bengal, India.(Sanjit Das/Bloomberg)
Pedestrians cross a street outside the UCO Bank headquarters in the BBD Bagh area of Kolkata, West Bengal, India.(Sanjit Das/Bloomberg)

Creditors afraid to take decisions on bankrupt firms, push them into liquidation

Bloomberg | By Anto Antony
UPDATED ON MAY 08, 2018 05:35 PM IST
Indecisiveness among bankers is pushing insolvent companies toward liquidation, which erodes the value of the assets, said Hemant Kanoria, chairman of SREI Infrastructure Finance Ltd.
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