BENGALURU: Mphasis CEO Nitin Rakesh said Blackstone’s stake sale reflects a natural phase in the private equity firm’s investment lifecycle and does not indicate any loss of confidence in the company’s performance. Blackstone acquired a 60.5% stake in Mphasis for $1.1 billion in 2016 and has been invested in the company for over nine years. In Nov last year, Mphasis clarified that its promoter BCP Topco IX , part of the Blackstone Group, has indicated that, subject to market conditions, it may sell up to 1.8 crore shares of Mphasis. through open market transactions.
Gold, silver rate outlook: Prices may stay range-bound next week; US-Iran tensions, jobs data in focus
Gold and silver prices are likely to remain range-bound next week as investors track developments in the US-Iran conflict, key global macroeconomic data and domestic political cues, analysts said, PTI…