Mphasis Falls 3% After Blackstone Cuts Stake By 8% In Company

Mphasis share price corrected nearly 3 percent intraday Monday after promoter Blackstone cuts its stake in the company by 8 percent.

Marble II Pte Ltd, a unit owned by PE firm Blackstone, sold 8 percent stake in the IT company at Rs 960 per share today.

The price at which PE firm sold stake was more than double it paid for buying stake in the Bengaluru based IT services firm.

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