Blackstone to trim stake in Mphasis via large block deal soon: sources

Blackstone is preparing to trim its stake in Mphasis through a sizeable block deal, sources told CNBC-TV18. The private equity firm is currently gauging investor appetite before finalising the size of

the sale.

Blackstone held 40.1% in the IT services company at the end of September under the entity BCP Topco IX Pte Ltd.

Both Blackstone and Mphasis declined to comment on the matter. Earlier in February, Blackstone sold around 15% in Mphasis for nearly ₹6,700 crore.

Shares of Mphasis slipped over 3% on NSE in Monday’s session.

Also Read: NIIF II likely to sell ₹551 crore stake in Ather Energy via block deal at ₹620 floor price

The block deal comes shortly after the company posted steady second quarter numbers. Dollar revenue rose 1.7% sequentially, with constant-currency growth at 2%, while EBIT margin held firm at 15.3%. The company reiterated that it expects to grow at more than twice the industry rate in FY26, supported by strong large-deal execution.

Deal wins stood at $528 million in Q2, taking first-half TCV to $1.28 billion—already surpassing the entire FY25 tally.

The order pipeline reached a record high, rising 9% QoQ and 97% YoY, with AI-led deals forming 69% of the mix. PAT rose to ₹469 crore, while rupee revenue climbed to ₹3,902 crore.