Athira Sethu
Kochi, 18 Nov 2025
Shares of the global information technology services company Mphasis fell on Tuesday after a very large block deal took place. The stock setteled 0.96% down to settle at Rs 2,663 on the National Stock Exchange. Block deals typically involve big investors buying or selling large amounts of shares in one go and often lead to quick movements in the stock price.
Reports said Blackstone, the major promoter of Mphasis, offloaded as much as 9.5% of its stake in the company during the session. The shares were sold at a floor price of Rs 2,570 each. The price was lower than the previous day’s closing price by about 4.4%. When shares are sold at a discount, the market reacts negatively, and that could be one of the many reasons for the stock to slip.
Following the news publication, Mphasis informed the stock exchanges that it was not a direct party to the sale. The company further clarified that the transaction had been executed by its promoter BCP Topco IX Pte Ltd, which is part of the Blackstone group. Mphasis added that it has sought from the promoter further details pertaining to the sale. The transaction is being managed by Citigroup as the banker to the deal.
This is not the first time Blackstone has reduced its stake in Mphasis. The private equity firm had earlier sold about 15.6 percent of the company in June 2023 for nearly Rs 7,066 crore. Blackstone has been the majority owner of Mphasis since the year 2016. It also invested about 2.8 billion dollars in the year 2021 to further strengthen its position. At the end of the September quarter, BCP Topco IX Pte Ltd held 40.1% of Mphasis before the latest sale.
The company itself has shown good business performance, though the share price declined today. Mphasis is renowned for its skills related to cloud services and digital solutions. It also has a strong presence in the banking, financial services and insurance sector, which contributes a large part to its business.
In the September quarter, Mphasis reported a 10.8% rise in net profit at 469 crore rupees. The profit increased by 4.5 percent compared with the previous quarter. The company’s revenue went up 10.3 percent from the year-ago period to 3901 crore rupees. Growth was led by the banking and financial services segment, which rose 13.8 percent, and the insurance segment that grew 31.5 percent.
Mphasis has won new deals worth $528 million in the quarter, lower than the $760 million booked in the June quarter but much higher than $207 million booked a year earlier. But Mphasis shares were up 6% in the past six months, despite today’s fall.
