Earlier this year, in its largest bet in India, Blackstone Group LP paid close to US$824 million to buy out the majority shareholding of Hewlett Packard Enterprise’s 60.5% stake in Mphasis Ltd, a US$1 billion information technology (IT) services company. The deal was one of the biggest acquisitions in the country’s outsourcing sector. Ganesh Ayyar, chief executive officer (CEO) of Mphasis, remains at the helm after the transaction.
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