H-P Seeks to Sell Stake in India’s Mphasis

Hewlett-Packard is looking to sell its stake Indian software company Mphasis in a deal it hopes will fetch at least $1 billion, a person familiar with the matter said.

H-P’s advisers have approached several Indian outsourcing companies as well as private-equity firms to buy its stake but none have indicated interest, the person said. The talks are at an early stage, the person added.

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