Blackstone completes dividend recap of India's Mphasis
Indian IT services provider Mphasis has issued $500 million in bonds, the proceeds of which will be used to recapitalize its debt and make a dividend payment to majority owners The Blackstone Group and GIC Private.
Blackstone agreed to buy a 60.48% stake in publicly traded Mphasis from Hewlett Packard Enterprise in April 2016, paying approximately $825 million. The GP made an open offer for an additional block of...
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