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UPDATE 2-Blackstone offers to buy additional stake in India s Mphasis for $1.11 bln Reuters 3 hrs ago Popular Searches By Anuron Kumar Mitra BENGALURU, April 26 (Reuters) - Private equity firm Blackstone Group Inc on Monday offered 82.62 billion rupees ($1.11 billion) to buy an additional 26% stake in Indian IT outsourcing services provider Mphasis Ltd. The offer for the additional stake is part of a deal, which will see a consortium of five funds, including Blackstone, Abu Dhabi Investment Authority and Singapore s GIC, take a 75% stake in Mphasis worth between $2.0 billion to $2.8 billion, according to a person with knowledge of the transaction. Blackstone, the world s largest manager of alternative assets such as private equity and real estate, bought around 61% stake in Mphasis from Hewlett Packard Enterprise Co in 2016 in a deal worth up to $1.1 billion, betting on a double-digit growth in India s information technology industry. ....
UPDATE 1-Blackstone offers to buy additional stake in India's Mphasis for $1.1 bln msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
3 Min Read (Reuters) - Blackstone won over Signature Aviation’s biggest shareholder Bill Gates for a possible $4.3 billion bid for the British private jet servicing company, going head-to-head with another potential suitor Carlyle. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid Blackstone’s agreement with Gates’ Cascade Investment Llc for its planned offer announced on Friday comes just hours after Signature confirmed an initial takeover approach from Carlyle. Blackstone and Cascade, which already owns a 19% stake in London-based Signature, are in advanced talks with the company about their proposal that involves a cash offer of 3.81 pounds per share, they said in a joint statement. ....
Namibia Press Agency nampa.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nampa.org Daily Mail and Mail on Sunday newspapers.
3 Min Read (Reuters) - Blackstone won over Signature Aviation’s biggest shareholder Bill Gates for a possible $4.3 billion bid for the British private jet servicing company, going head-to-head with another potential suitor Carlyle. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid Blackstone’s agreement with Gates’ Cascade Investment Llc for its planned offer announced on Friday comes just hours after Signature confirmed an initial takeover approach from Carlyle. Blackstone and Cascade, which already owns a 19% stake in London-based Signature, are in advanced talks with the company about their proposal that involves a cash offer of 3.81 pounds per share, they said in a joint statement. ....