Mphasis bulk deal: Blackstone pares 9.5% stake for ₹4,726 crore; shares rise over 1%

The stock, when last seen, was trading at ₹2,696.10, up 1.4%.

As per the bulk deal data available with the BSE, US-based Blackstone, through its affiliate BCP Topco IX Pte, offloaded 1.80 crore equity shares in Mphasis, amounting to a 9.46% stake in the IT and consulting firm.

The shares were disposed of at an average price of ₹2,625.59 apiece, taking the transaction value to ₹4,726.06 crore, PTI reported.

After the latest transaction, Blackstone's holding in Mphasis has declined to 30.64% from 40.10%.

Meanwhile, HDFC Mutual Fund (MF), ICICI Prudential MF and Kotak Mahindra MF acquired a total of 70,75,436 or 3.71% stake in Mphasis at the same price.

This took the combined deal value to ₹1,857.30 crore.

Details of other buyers of Mphasis shares could not be ascertained on the exchange.

Mphasis shares dropped 1.10% to close at ₹2,659.70 apiece on the BSE. On the NSE, the stock ended at ₹2,663, down 0.96%.

In June this year, Blackstone divested a 15.08% stake in the company for ₹6,735 crore.

Mphasis Q2 Results

IT solutions provider Mphasis reported a 10.79% increase in consolidated net profit to ₹469 crore for the July-September quarter.

The company had reported a net profit (attributable to equity owners of the company) of ₹423.3 crore in the year-ago period, according to regulatory filings.

The Bengaluru-headquartered company's revenue from operations rose 10.34% to ₹3,901.91 crore in Q2 FY26, as against ₹3,536.14 crore seen in Q2 FY25.

Seen sequentially, profit and revenue rose by 6.18% and 4.53%, respectively.

"Our early, focused investments in AI have positioned Mphasis as a strategic partner for clients navigating their transformation journey. Another strong quarter of total contract value (TCV) wins of USD 528 million is a testimony to our AI-first approach delivering business outcomes across diverse industries," said Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis.

As much as 87% of the deal wins were in new-gen services, the company said.