Mphasis - Open Offer Post Change Of Hands: ICICI Direct
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ICICI Direct Report
Blackstone Capital Partners VIII and Blackstone Capital Partners Asia funds has entered into an agreement to buy up to approximately 10.4 crore equity shares (55.3%) of Mphasis Ltd. from Blackstone Capital Partners VI fund (BCP VI) for ~ Rs 15216.8 crore.
The acquirer is not a part of the seller’s promoter group.
Further, a wholly owned subsidiary of the Abu Dhabi Investment Authority, University of California Investments and other long-term investors will co-invest along with Blackstone.
This transaction has triggered an open offer by the acquirer.
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