Blackstone crosses $12 billion investment milestone in India

BENGALURU : Blackstone Group LP has invested $3.6 billion as of end-September in India, its record for a single year in the country, said a person directly familiar with the development. With this, total investments by the New York-based firm across private equity (PE) and real estate deals have crossed $12.6 billion. Blackstone aims to surpass the $13 billion mark […]

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Will Blackstone deal help Mphasis boost revenue?

Blackstone’s 80 portfolio firms have $85 billion in revenue and for most firms, technology spend is about 5-10% of total revenue, which translates into at least a $4.5 billion opportunity. Photo: Abhishek N. Chinnappa/Reuters Bengaluru: I feel like a kid in a toyshop, excited about the potential ahead of us,” said Ganesh Ayyar, chief executive […]

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Mphasis shares gain over 4 per cent on Blackstone deal

PICS company information Shares of IT firm Mphasis rose by over 4 per cent on Tuesday after the U.S.-listed Blackstone said it will invest up to Rs. 7,071 crore to acquire a majority stake in the mid-sized IT services exporter from Hewlett Packard Enterprise. The stock climbed 4.26 per cent to Rs. 473.85 on BSE. […]

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