Blackstone sells 9.5% stake in Mphasis for ₹4,726 crore
pre-market1 source ↓written by the desknot a recommendation
- has divested
- 9.5% stake
- ₹4,726 crore
- to close
- 1.10%
- on the BSE
- ₹2,659.70
- in June
- 15.08% stake
Global investment firm Blackstone has divested a 9.5% stake in IT and consulting company Mphasis for ₹4,726 crore. Following this news, Mphasis shares fell 1.10% to close at ₹2,659.70 on the BSE. This sale follows Blackstone's earlier divestment of a 15.08% stake in June for ₹6,735 crore.
Not investment advice. For informational purposes only.