MoneyWorks4Me

Blackstone offloads 8% stake in Mphasis

15 May 2018 Evaluate

Blackstone has sold 8% stake in mid-sized IT services exporter Mphasis through an open market transactions. Following the stake-sale, Blackstone’s holding in the company has fallen to 52% from a little over 60%. Blackstone through its unit Marble II sold a total of 8% stake in Mphasis. The shares were sold at an average price of Rs 926.

Mphasis is a global service provider, delivering technology based solutions across industries, including Banking & Capital Markets, Insurance, Manufacturing, Media & Entertainment, Telecom, Healthcare, Life Sciences, Travel & Transportation, Hospitality, Retail & Consumer Goods, Energy & Utilities, and Governments around the world.

Peers
Company Name CMP
TCS 2108.35
Infosys 1019.50
HCL Technologies 1200.00
Wipro 162.20
Tech Mahindra 1538.40
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