Blackstone unit sells 8% stake in India’s Mphasis for about $213m

Pedestrians are reflected on glass in front of Blackstone Group LP headquarters in New York, U.S., on Friday, April 14, 2017. Photographer: Victor J. Blue/Bloomberg

Private equity firm Blackstone Group LP on Monday sold an 8% stake in its portfolio company Mphasis Ltd for about Rs1,440 crore.

Blackstone sold a total of 15.2 million shares through its unit Marble II Pte Ltd, bringing down its shareholding in the Bengaluru-based information technology services provider to 52% from 60%.

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