Blackstone, the promoter of Mphasis has divested 8% its stake in the company.

Marble II Pte Ltd, a unit owned by PE firm Blackstone, sold 8% stake  in Mphasis at Rs.960 per share. This price was more than double  it paid for buying stake in the company. The stake was bought by Aberdeen, T Rowe Price and Oppenheimer.

Furthermore, as of March 31, 2018, Blackstone through its unit Marble II Pte held 60.38% stake in Mphasis. After stake sale, Blackstone stated that, it does not intends to divest any additional stake in the company and today’s block in Mphasis was executed to create more liquidity in the stock.

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