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Hewlett Packard Enterprise completes the sale of its equity stake in Mphasis Limited

Via Hewlett Packard Enterprise

Sep 1, 2016

PALO ALTO, CA--(Marketwired - Sep 1, 2016) - Hewlett Packard Enterprise (NYSE: HPE) today completed the pending sale of its equity stake in Mphasis Limited, a publicly-listed IT services provider in Bangalore, to private equity funds managed by Blackstone (NYSE: BX), one of the world's leading investment firms. Blackstone purchased 100% of HPE's stake in Mphasis for INR 430 per share, or approximately $825 million.

In conjunction with the sale, HPE also entered into a five-year renewal of its existing master services agreement with Mphasis, whereby Mphasis will continue to provide strategic service delivery capabilities to HPE.

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This content extract was originally sourced from an external website (Hewlett Packard Enterprise) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

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