Blackstone stake sale natural cycle: Mphasis
Blackstone acquired a 60.5% stake in Mphasis for $1.1 billion in 2016 and has been invested in the company for over nine years.
In Nov last year, Mphasis clarified that its promoter BCP Topco IX , part of the Blackstone Group, has indicated that, subject to market conditions, it may sell up to 1.8 crore shares of Mphasis.
through open market transactions.
