Mphasis Block Deal: Shares Slip as 1.8 Crore Shares Change Hands in Large Stake Sale

Market Performance

The session in the stock market today turned active around the Mphasis counter after a sudden spike in volumes. The stock slipped more than 1%, reacting to a sizable block deal that hit the exchanges early in trade.

Around 10:30 am, Mphasis was trading at ₹2,654, down 1.3%, as the market adjusted to the large equity movement. The stock has also been under pressure this year, posting a 7% decline so far.

Main News: Major Block Deal Triggers Selling Pressure

The morning began with one of the most talked-about deals in the IT space. Close to 1.8 crore shares  roughly 9.5% of Mphasis’s total equity  changed hands on the BSE.

The transaction sparked immediate interest because it points to another major MPHIS promoter stake sale. As per the details available, the shares were offloaded at a floor price of ₹2,570 per share, which is a 4.4% discount to the previous day’s close.

This values the total deal at around ₹4,626 crore.

Another detail that stood out was the 180-day lock-in, which means further stake movement from the seller’s side won’t be permitted for the next six months.

Company Details

Mphasis has seen multiple stakeholder movements in the past few years. One of the notable ones included a sale of 15.6% stake last year, amounting to nearly ₹7,066 crore.

The promoter group currently holds 40.1% in the company as of the September quarter.

Alongside equity developments, Mphasis continues to operate with a strong focus on cloud, digital solutions, and its core BFSI segment. The company’s scale is visible in its current market capitalisation of ₹50,525 crore.

• P/E ratio: 28.36
• Dividend yield: 2.15%

These numbers reflect the company’s broader financial profile, even as the stock reacts to the ongoing Mphasis promoter stake sale.

Summary

The large Mphasis block deal became the market’s talking point today, with 1.8 crore shares and 9.5% equity shifting hands in one go. The deal, valued at ₹4,626 crore, led to mild pressure on the stock, which slipped over 1% in early trade. With a current market cap of ₹50,525 crore and a promoter holding of 40.1%, Mphasis continues to remain a major name in India’s IT landscape, even as significant stake transactions shape the market mood.