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Blackstone commits up to $2 8B to acquire controlling stake in Mphasis
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Mphasis Buyout: Blackstone, ADIA, UC and GIC in talks to raise $1 1 bn loan for Mphasis
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Mphasis share rises 6.5% as Blackstone offers to buy additional stake for Rs 8,262 crore
Mphasis share touched an intraday high of Rs 1,805, 6.32% higher on BSE.
BusinessToday.In | April 26, 2021 | Updated 17:39 IST
Mphasis is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Share of Mphasis rose over 6% today after private equity firm Blackstone committed up to $2.8 billion to acquire a controlling stake in the company. Mphasis share touched an intraday high of Rs 1,805, 6.32% higher on BSE.
The stock has risen 5.02% in the last 2 days. Mphasis is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
The stock has gained 156% in one year and risen 12% since the beginning of this year.