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The fire's movement is now slowing down and some evacuation notices have been reduced, with residents of Index no longer being asked to leave the town. ....
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Blackstone joins Baring in wait to exit profitable India IT investment Premium Blackstone Group LP had struck a neat deal when it bought a majority stake in Mphasis Ltd in 2016 (Bloomberg) Five years after Blackstone bought a stake in Mphasis, it is sitting on profits of 300% on investment Baring has been struggling to find a buyer for its stake in Hexaware, even after 7 years of acquisition Share Via Read Full Story Blackstone Group LP had struck a neat deal when it bought a majority stake in Mphasis Ltd in 2016. The deal was at a 30-35% valuation discount to similar-sized companies such as Mindtree Ltd and Hexaware Ltd. Now, almost five years after it announced the deal, it is sitting on profits of nearly 300% on the investment. But as of now, it is just on paper. ....
Baring Asia looks to cash out of CMS Info Systems, seeks private equity, strategic buyers SECTIONS Share Synopsis The Hong Kong-based buyout group that owns 100% of CMS is in discussions with JP Morgan and other investment banks to formally launch a sale process shortly, tapping PE and strategic firms, said at least three people aware of the plan. The company received regulatory approval for an IPO in 2017 but didn t proceed because of the demonetisation impact. ThinkStock Photos Five and a half years after acquiring India’s largest cash logistics company CMS Info Systems, Baring Private Equity Asia is exploring an exit after currency in circulation surged 22% last year from a year before, a record high that belies the popular belief that cash usage is coming down. ....