Blackstone stake sale natural cycle: Mphasis
Mphasis CEO Nitin Rakesh assured investors that Blackstone's stake sale is a standard part of its investment cycle, not a reflection of poor performance. Blackstone, holding over 60% since 2016, plans to sell up to 1.8 crore shares via open market transactions, subject to market conditions. This move signals a natural exit strategy for the private equity firm.
Mphasis CEO Nitin Rakesh assured investors that Blackstone's stake sale is a standard part of its investment cycle, not a reflection of poor performance. Blackstone, holding over 60% since 2016, plans to sell up to 1.8 crore shares via open market transactions, subject to market conditions. This move signals a natural exit strategy for the private equity firm. What's Your Reaction?
