GIC and Blackstone Get Away with Rare Indian Dividend Recap
Posted on 06/16/2017
The Blackstone Group and Singapore’s GIC Private Limited did a dividend recapitalization with Bangalore-based Mphasis Limited, an Indian outsourcing company. GIC and Blackstone tapped the bond markets, raising US$ 500 million through a vehicle called Marble Pte., to take money out of the acquisition without diluting their ownership interest. The money was used to repay […]
- Alternatives
- Asia
- Blackstone Group
- Government of Singapore Investment Corporation
- India
- IT
- Mphasis
- Private Equity
