Blackstone on April 26 said funds managed by the private equity firm have entered into definitive agreements to acquire a majority stake in IT firm Mphasis Ltd, and the transaction will trigger an ...

REDWOOD CITY, Calif., March 10, 2025 /CNW/ -- Mphasis, (BSE: 526299) (NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced ...

Mphasis led the decline, tumbling 3.79 percent to Rs 2,360 per share on the NSE. The stock has been on a losing streak for the past four sessions, shedding over 10 percent in the period.

The market reaction was swift, with major IT stocks trading in the red. Mphasis emerged as the biggest loser, tumbling nearly 2 per cent to Rs 2,300. LTI Mindtree and sector heavyweight Infosys also ...