Blackstone sells 9.5% stake in Mphasis for ₹4,726 crore
after close1 source ↓written by the desknot a recommendation
- of Mphasis
- 1.80 crore shares
- representing
- 9.46% stake
- ₹4,726 cr
- of Mphasis rose
- 1.4%
- trading
- ₹2,696.10
Blackstone, through BCP Topco IX Pte, sold 1.80 crore shares of Mphasis, representing a 9.46% stake for ₹4,726 cr. Following the transaction, shares of Mphasis rose 1.4%, trading at ₹2,696.10. This bulk deal reflects significant market activity in the IT sector, potentially influencing investor sentiment.
Not investment advice. For informational purposes only.