Indian PE hopeful of another whopper exit
EDS announces offer for Mphasis, an Indian technology company and gives Barings Private Equity an avenue for exit.
America's EDS, USA confirmed its intent on April 4 to acquire Mphasis for a consideration of $380 million. Mphasis is an Indian technology sector company. Analysts who cover EDS were generally positive on the move and the EDS stock price moved up on the announcement. It is speculated that Barings Private Equity Partners India which owns 34.9% of Mphasis will tender its shares in the offer. However, the acquisition price, which is at a discount to the current market...
To continue reading, please login or register for free