Blackstone, other investors commit up to $2.8 billion to acquire controlling stake in Mphasis
The Hindu
A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will co-invest along with it, Blackstone said in a statement
Blackstone on April 26 announced that private equity funds managed by it have entered into definitive agreements to acquire a majority stake in Mphasis Ltd. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will co-invest along with it, Blackstone said in a statement. Amit Dixit, Co-Head of Asia Acquisitions and Head of India for Blackstone Private Equity, said “This investment enables us to continue creating value for the long term with continuity in the management team and the board, and provide additional resources to further accelerate the company’s growth momentum.”
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