Ganesh Ayyar: Riding the technology wave8 min read 19 Aug 2016, 12:47 AM IST
Blackstone comes with deep pockets, which will allow Mphasis to grow its brand and footprint further, says Ganesh Ayyar
Singapore: Earlier this year, in its largest bet in India, Blackstone Group LP paid close to $824 million to buy out the majority shareholding of Hewlett Packard Enterprise’s 60.5% stake in Mphasis Ltd, a $1 billion information technology (IT) services company. The deal was one of the biggest acquisitions in the country’s outsourcing sector. Ganesh Ayyar, chief executive officer (CEO) of Mphasis, remains at the helm after the transaction.
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