Shares of Mphasis Ltd. were trading in the green on Tuesday, November 18, as the company witnessed the largest block deal among the three expected today, confirming a CNBC-TV18 newsbreak.
Block deals are also likely in Paytm and Emcure Pharma, where existing promoters or private equity firms are expected to be sellers.
Mphasis promoter Blackstone likely sold 1.8 crore shares, representing up to 9.5% of the company's total equity, through block deals in today's session.
The floor price was expected to be pegged at ₹2,570 per share, a 4.4% discount to Monday's closing price.
At the floor price, the total deal size amounts to roughly ₹4,626 crore.
A 180-day lock-in on further selling will also be applicable to the seller.
Responding to CNBC-TV18's report, Mphasis informed the exchanges

CNBC-TV18

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