Mphasis - Open Offer Post Change Of Hands: ICICI Direct
A person uses a laptop computer in Illinois. (Photographer: Daniel Acker/Bloomberg)

Mphasis - Open Offer Post Change Of Hands: ICICI Direct

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Mphasis Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.