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Mphasis Limited ( (IN:MPHASIS) ) has shared an update.
Mphasis Limited has clarified that it is not involved in a rumored transaction where Blackstone Group is reportedly planning to reduce its stake in the company through a large block deal. The company has reached out to its promoter, BCP Topco IX Pte. Ltd., for more information and stated that no material event necessitating disclosure under SEBI regulations has occurred at this time.
More about Mphasis Limited
Mphasis Limited operates in the information technology industry, providing IT services and solutions with a focus on cloud and cognitive services, digital transformation, and infrastructure services.
Average Trading Volume: 16,506
Technical Sentiment Signal: Buy
Current Market Cap: 527.5B INR
For a thorough assessment of MPHASIS stock, go to TipRanks’ Stock Analysis page.