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Maroc Maroc - Times of India - Business - 23/Jan 20:03

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.

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