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Blackstone's Stake in Mphasis Up for Grabs as PE Giant Mulls Exit

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At least four major private equity (PE) giants are reportedly in a race to acquire a controlling stake in Mphasis, the Bengaluru-headquartered IT services company that was bought by the Blackstone Group in 2016.

A buyout of Blackstone’s 56.16% stake in Mphasis would signify Blacksone’s biggest payday in India.

The Mphasis acquisition cost c. $1.1bn - the largest investment Blackstone had made in the country. The deal has paid off handsomely for the world’s largest PE firm, with Mphasis having seen its share price rallying nearly 66% in the past year and 3x since 2016.

What does Mphasis do and how did Blackstone turnaround its prospects after acquiring it?

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