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 […]

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