Competition Commission of India (CCI) has cleared Blackstone’s multi-billion dollar deal of buying over 50 percent stake in Mphasis from HP Enterprise. The acquisition will be made through Marble II Pte, part of Blackstone group. Earlier in April 2016, Blackstone had announced that it will buy out 50% stake of HP Enterprise in Mphasis for up to Rs 7,071 crore ($1.1 billion).
Mphasis is a $1 billion global service provider, delivering technology based solutions across industries, including Banking & Capital Markets, Insurance, Manufacturing, Media & Entertainment, Telecom, Healthcare, Life Sciences, Travel & Transportation, Hospitality, Retail & Consumer Goods, Energy & Utilities, and Governments around the world.
