Mphasis block deal : Stock slips 5% after nearly 30 mn shares change hands

Mphasis block deal: Mphasis share price slipped 4.8 per cent to Rs 2,353.5 apiece on the BSE on Monday, in the intraday trade, after nearly 30 million shares changed hands on the exchanges in block deal.

At 9:15 AM, a combined 29.5 million equity shares, at an average price of Rs 2,392 per share, changed hands on the BSE and the National Stock Exchange (NSE). The total deal value was over Rs 7,000 crore.

While the buyers and sellers could not be ascertained, reports said BCP Topco, an affiliate firm of BlackStone, was the likely seller.