Mphasis, in a regulatory filing on Tuesday, clarified that the promoter, BCP Topco — part of the Blackstone Group — may sell up to 18 million equity shares it holds through open-market transactions.
In the regulatory filing, the company said, “Pursuant to Regulation 30 of SEBI Listing Regulations and in continuation to our earlier intimation dated 18 November 2025, we hereby inform you that the promoter, BCP Topco IX Pte. Ltd., has indicated that, subject to prevailing market conditions, it may sell up to 18,000,000 equity shares of Mphasis Limited held by them through open market transactions.”
Mphasis also noted that it is not a party to reports of Blackstone paring its stake in the former through a large block deal.
In another regulatory filing, the company clarified, “Such transaction does not involve Mphasis but rather our promoter, BCP Topco IX Pte. Ltd., part of Blackstone Group and, accordingly, the company has reached out to the promoter to seek information. We wish to advise that at this stage, there is no material event/ information which requires disclosure under SEBI Regulations, 2015. The company will make appropriate disclosures in compliance with applicable laws, as and when required under the provisions of the SEBI Listing Regulations,” it said.
In 2021, Blackstone announced that its private equity funds entered into definitive agreements to acquire a majority stake in Mphasis. A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors co-invested along with Blackstone, which committed up to $2.8 billion to acquire a controlling stake in Mphasis.
The company’s shares fell by 1.10% to ₹2,659.70 today.