Blackstone India, the Indian arm of global private equity fund Blackstone Group L.P., will buy a majority stake in Mphasis Ltd, the Bangalore-based information technology services provider offering business process outsourcing and infrastructure services, Blackstone said on Monday. Blackstone will acquire 60.5% stake in Mphasis from Hewlett Packard Enterprise (HPE) for a purchase price of Rs.430 per share.
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