Mphasis block deal: Blackstone to sell 1.8 crore shares via open market; co clarifies

According to media reports, Blackstone Entity BCP TOPCO was expected to sell a 9.5% stake in Mphasis via block deals.

In a regulatory filing, the information technology stated that its promoter, BCP TOPCO IX Pte. Ltd., indicated that, subject to prevailing market conditions, it may sell up to 18,000,000 equity shares of Mphasis Limited held by it through open market transactions.

Citing a November 17 article with the headline “Blackstone to trim stake in Mphasis via large block deal soon: sources”, the company, in a separate filing earlier, had said that it was not a party to any such purported potential transaction.

It had further added that such a transaction did not involve it, but rather involved its promoter, BCP Topco IX. Accordingly, the Bengaluru-headquartered firm had reached out to the promoter to seek information.

According to media reports, the Blackstone group company was set to sell a 9.5% stake in Mphasis via block deals. The size of the deal was reported to be ₹4,626 crore, with the floor price being fixed at ₹2,570 per share, a 4.4% discount to the last traded price. Citi is reportedly the broker for the deal.

As per media reports, two large block deals involving a combined trade of 12,57,174 Mphasis shares were executed on the National Stock Exchange (NSE), transacted in a price range of ₹2,637.80 and ₹2,659.70 apiece. The two block deals totalled up to ₹332.19 crore.

Mphasis stock performance

Shares of Mphasis were trading 0.97% lower at ₹2,662.70 apiece on the NSE at around 11:38 am on Tuesday.

Intra-day, the stock fell as much as 2.3% to a low of ₹2,626.80 per equity share, following the block deal news reports.

The scrip has declined more than 6% over the past five days and above 3% over the month. However, it has gained a little over 5% in the last six months. On a year-to-date basis, it has fallen nearly 7%.

While the share touched a 52-week low of ₹2,044.55 on April 7, 2025, it reached a high of ₹3,237.95 apiece on December 12, 2024.

Mphasis has a total market capitalisation of ₹50,732.93 crore, as of November 18, 2025, according to data on the NSE.