Blackstone to Buy Mphasis with Help from ADIA and University of California Endowment Posted on 04/26/2021 Private equity funds managed by Blackstone have entered into definitive agreements to acquire a majority stake in Mphasis Limited (NSE: MPHASIS) for up to US$ 2.8 billion. A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments, and other long-term investors will co-invest along with Blackstone. This 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. Based on the open offer subscription, the blended purchase price will vary between INR 1,452 to INR 1,497 per share (12-16% premium to 12-month average price and 3% to 6% discount to 6-month average price) and the purchase consideration will vary between INR 152 billion to INR 210 billion (or, approximately US$ 2.0 billion to US$ 2.8 billion).