 "Blackstone's investment in India touches $6 billion")
Private equity player Blackstone has yet again signed one of its largest buyout deals in the IT services sector.
Though this will be the largest deal from Blackstone investments, the iGate acquisition by Capgemini remains the largest deal that the Indian IT services sector has seen till date. Capgemini acquired the firm for $4.4 billion.
With the acquisition of HPE's stake in Mphasis, Blackstone has also strengthened its technology portfolio.
This will be the largest deal for Blackstone in the technology space in India. Last year, in September, the PE player had acquired BPM firm Intelenet from UK's Serco for a consideration of Rs 2,558 crore.
For Mphasis, Blackstone will pay in the range of Rs 5,466-7,071 crore ($825 million to $1.1 billion).
Since 2005, Blackstone has invested around $6 billion in India. Since 2015, it has invested around $2 billion.
Since 2012 it has invested in BPM firm Intelenet, services and software firm IBS Software and now Mphasis.
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