Page 43 - Mphasis Ltd News Today

Well soon meet in your inbox. Please wait... The transaction will trigger a mandatory open offer for the purchase of up to 26% additional shares of the company from the public shareholders and the acquiring entity has released a public announcement to the stock exchanges, the company said in a statement. Based on the open offer subscription, the blended purchase price will vary between Rs 1,452 to Rs 1,497 per share (12-16% premium to 12-month average price and 3-6% discount to 6-month average...

Blackstone in deal to buy majority stake in Mphasis April 26, 2021 × PE Fund to invest up to $2.8 billion to pick up 26 per cent more through rights issues Blackstone on Monday said that the private equity funds managed by it have entered into definitive agreements to acquire a majority stake in Mphasis Ltd. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will co-invest along with Blackstone. Mphasis is one of the leading pro...

Todays big mover. PTI reports: "Shares of ICICI Bank on Monday gained over 6 per cent after the company reported a nearly four-fold jump in its March quarter consolidated profit. The stock jumped 6.11 per cent to Rs 604.90 on BSE. On NSE, shares of the company gained 6.23 per cent to Rs 605.50. ICICI Bank on Saturday reported a nearly four-fold jump in its March quarter consolidated profit to Rs 4,886 crore as against Rs 1,251 crore in the year ago period, and spoke of calibrating growth in the...

MPHASIS-BLACKSTONE GROUP/STAKE:Blackstone offers to buy additional stake in India's Mphasis for $1.1 billion

Mphasis share rises 6.5% as Blackstone offers to buy additional stake for Rs 8,262 crore Mphasis share touched an intraday high of Rs 1,805, 6.32% higher on BSE. BusinessToday.In | April 26, 2021 | Updated 17:39 IST Mphasis is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. Share of Mphasis rose over 6% today after private equity firm Blackstone committed up to $2.8 billion to acquire a controlling stake in the company. Mphasis share touched an intraday high of...

UPDATE 2-Blackstone offers to buy additional stake in Indias Mphasis for $1.11 bln Reuters 3 hrs ago Popular Searches By Anuron Kumar Mitra BENGALURU, April 26 (Reuters) - Private equity firm Blackstone Group Inc on Monday offered 82.62 billion rupees ($1.11 billion) to buy an additional 26% stake in Indian IT outsourcing services provider Mphasis Ltd. The offer for the additional stake is part of a deal, which will see a consortium of five funds, including Blackstone, Abu Dhabi Investment Au...

Toggle navigation The transaction will trigger open offer for acquisition of up to 26 pc stake at a price of Rs 1,677.16 per share Blackstone commits up to $2.8 billion to acquire controlling stake in Mphasis ANI | Updated: Apr 26, 2021 13:30 IST Mumbai (Maharashtra) [India], Apr 26 (ANI): Global investment firm Blackstone on Monday announced that private equity funds managed by it have entered into definitive agreements to acquire a majority stake in...

NEW DELHI: Nifty IT index was trading with gains at 12:21PM (IST) on Tuesday. Shares of MPhasis (up 5.64 per cent), Coforge (up 5.06 per cent), Mindtree (up 3.22 per cent), HCL Technologies (up 2.64 per cent) and Tata Consultancy Services (up 1.9 per cent) were among the top gainers. The Nifty IT index was trading 1.81 per cent up at 26502.8 around 12:21PM. Benchmark NSE Nifty50 index was up 67.60 points at 14997.1, while the BSE Sensex was up 283.2 points at 50678.28. Among the 50 stock...

Hotel wars SUBSCRIBE Well soon meet in your inbox. / Morning Dispatch India’s competition regulator has directed the country’s largest online travel firm MakeMyTrip to relist the properties of two budget hotel chains, which it stopped listing in 2018 after signing an agreement with their rival Oyo. The court said clamping down on anti-competitive behaviour was especially important in “winner takes all” platform markets. Also in today’s letter: �� Indian IT: Escaping the Exodus �...

Read more about Information Technology stocks gain on Business Standard. Information Technology stocks were trading in green, with the S&P BSE IT Sector index increasing 379.3 points or 1.46% at 26276.29 at 09:48 IST.