HPE to sell its stake in Mphasis to Blackstone for $825 mln

Industry:    2016-04-04

Hewlett Packard Enterprise to divest its equity stake in Mphasis to Blackstone * Blackstone has agreed to purchase at least 84 pct of HPE’s stake in Mphasis for INR 430 per share * HPE’s stake is valued at approximately $825 million * Co plans to renew current master services agreement with Mphasis for another 5 years in connection with this transaction

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