Mphasis promoter entity pares 15% stake for Rs 6,735 crore
Global investment firm Blackstone, promoter of Mphasis, on Monday divested a 15.08% stake in information technology and consulting company for ₹6,735 crore through an open market transaction on the National Stock Exchange (NSE).
As per the bulk deal data available with the NSE, US-based Blackstone through its affiliate BCP Topco IX Pte sold 2.85 crore equity shares, amounting to a 15.08% stake in the IT and consulting firm.
The shares were disposed of at an average price of ₹2,363.37 apiece, taking the transaction value to ₹6,735.60 crore.
After the stake sale, shareholding of Blackstone has declined to 40.37% from 55.45% in Mphasis. However, it will continue to be the largest shareholder in the firm.
This marks the second-largest block deal of the year.The largest was British American Tobacco’s (BAT) divestment of a 3.5% stake in ITC, for ₹17,485 crore.
