InvestorQ : Why does Blackstone PE remain so bullish on Mphasis Ltd?
Tisha Malhotra made post

Why does Blackstone PE remain so bullish on Mphasis Ltd?

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Aashna Tripathi answered.
2 months ago
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Blackstone PE plans to make an open offer for an additional 26% in Mphasis via an open offer price at Rs.1,677/ share worth $1.1 billion. This will take Blackstone’s stake from 56% to 75%. Mphasis has bene a profitable bet for Blackstone as market cap of Mphasis has grown from $1.4 billion to $4.5 billion in 4 years and Blackstone targets $10 billion.

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