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.
