Mphasis Ltd Share Price: There has been a huge fall in the shares of Mphasis today. The block deal has become the reason for the fall in the prices of the company’s shares. 2.95 crore shares which is equivalent to 15.6 percent stake in the company. This block deal has been done at the rate of Rs 2392 per share. The entire transaction is worth Rs 7066 crore.
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The company’s shares opened at the level of Rs 2394 in BSE. The company’s shares fell by more than 4.50 percent and reached the level of Rs 2356.10. It is not officially known who has sold the shares and who has bought them. There is a lock in period of 180 days in this deal.
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Discussion of selling shares of Blackstone
According to the report of CNBC-TV18, Blackstone may sell 10.60 percent stake. According to the report, the company can sell this stake for Rs 2350. Let us tell you, Blackstone’s total stake in the company till March 2024 was 55.45 percent. If this transaction happens, the stake will reduce to 40.40 percent only. Blackstone are the promoters of the company.
How is the company performing in the stock market?
During the last one year, the company’s share prices have seen an increase of more than 27 percent. At the same time, the stock price has increased by 5.4 percent in 1 month. The 52 week high level of the company is Rs 2835 and 52 week low level is Rs 1807. The market cap of the company is Rs 44,744.64 crore.
The total stake of mutual funds in the company is 13.88 percent by March 2024. From December 2023 to March 2024, the stake in the company had increased from 13.61 percent to 13.88 percent.
