Blackstone, ADIA, UC and GIC in talks to raise $1.1 bn loan for Mphasis

2021-07-21 19:31:05

MUMBAI: Blackstone and its co-investors in Mphasis are in talks with a consortium of 13 banks to raise up to $1.1 billion, or about Rs 8,200 crore, to part-finance buyout of the Bengaluru-based technology firm, three people familiar with the matter said.

The short-term credit facility could be extended up to five years and is likely to have shares and some form of assurance or commitment from borrowers, they told ET.

The US private equity firm’s co-investors

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