Blackstone to soon trim stake in Mphasis, deal size likely to be large, says CNBC

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BSE LIVE NSE LIVE 26 Aug, 2025 12:21 Volume Todays L/H More ×

Shares of IT firm Mphasis fell 3% on November 17 as CNBC-TV18 reported that Blackstone is looking to trim stake in the company soon through block deal.

Deal size is likely to be large, investor appetite being gauged, sources told the channel.

Blackstone held 40.1% stake in Mphasis at end of September. The stake is held under entity named as ‘BCP TOPCO IX PTE LTD'.

On November 17, Mphasis shares closed 3% lower at Rs 2,682 apiece. The 52-week low of the stock is Rs 2,044 and 52-week high is Rs 3,238. The market capitalisation of the stock is nearly Rs 51,000 crore.

Last month, the IT solutions provider reported a 11% increase in consolidated net profit t