Mphasis shares fall 2% as Blackstone sells stake
pre-market1 source ↓written by the desknot a recommendation
- to a low
- 2.3%
- after Blackstone announced
- ₹2,627
- through block deals
- 9.5% stake sale
- per share
- ₹2,570
- below Monday's close
- 4.4%
Shares of Mphasis Ltd dropped 2.3% to a low of ₹2,627 after Blackstone announced a 9.5% stake sale through block deals, priced at ₹2,570 per share, 4.4% below Monday's close. Mphasis clarified it is not involved in the transaction, which is managed by Citigroup. This follows Blackstone's previous stake reduction in June 2023.
Not investment advice. For informational purposes only.