Blackstone to sell 9.5% stake in Mphasis for ₹4,600 crore
after close1 source ↓written by the desknot a recommendation
- aiming to raise
- ₹4,626 crore
- each
- ₹2,570
- to the last
- 4.4% discount
- on remaining shares
- 180-day lock-in
Blackstone Inc. plans to sell up to 9.5% equity in Mphasis through a block deal, aiming to raise ₹4,626 crore. The shares will be offered at ₹2,570 each, reflecting a 4.4% discount to the last closing price. Citigroup is managing the transaction, with a 180-day lock-in on remaining shares.
Not investment advice. For informational purposes only.