Mphasis stock is just inches away from its 52-week high of Rs 1,098.90, hit last week. So far, the stock has rallied nearly 80 per cent from March lows, taking the total market capitalisation of the company to Rs 20,426.99 cr
Blackstone, the global private equity giant on Monday, announced that it would be buying Mphasis, the Bengaluru-headquartered IT services player owned by Hewlett Packard Enterprise (HPE) in a deal valued at around $1.1 billio
Blackstone on Monday announced that private equity funds managed by Blackstone have entered into a definitive agreement with Hewlett Packard Enterprise (HPE) to buy 60.5 per cent stake in Mphasis Limited.
Mphasis shares gained as much as 6.44 per cent in the morning trade on Thursday on stake sale reports. According to reports, Blackstone, Apollo are in race with Tech Mahindra to acquire India's Mphasis.