Blackstone offers to buy additional 26% stake in Indian IT firm Mphasis for $1.1b

Blackstone offers to buy additional 26% stake in Indian IT firm Mphasis for $1.1b

Photo: REUTERS/Brendan McDermid

Private equity firm Blackstone Group has made an offer to acquire an additional 26% stake in Indian IT outsourcing services provider Mphasis Ltd for 8,262 crore ($1.10 billion), according to a stock exchange filing.

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