India's Mphasis hits near 2-wk low after report says Blackstone weighing exit

Hong Kong Economic Times Holdings

23/11/2020 05:07

** Shares of Mphasis Ltd  MBFL.NS  down 1.5% at 1295.45
rupees in morning trade, lowest since Nov. 10 
    ** Private Equity fund Blackstone is weighing its exit from
the IT company, Economic Times reports https://economictimes.indiatimes.com/markets/stocks/news/blackstone-mulls-mphasis-exit-as-stock-up-3x-in-4-yrs/articleshow/79359699.cms,
 citing multiple people aware of the matter 
    ** Mphasis did not immediately respond to a Reuters request
for comment 
    ** Stock closed up ~1% on Friday after co said it would buy
data ops specialist co  Datalytyx  urn:newsml:reuters.com:*:nASA01FF1
    ** Including session's losses, MBFL up ~40% YTD
    

 (Reporting by Vibhuti Sharma in Bengaluru)
 ((RM: vibhuti.sharma.thomsonreuters.com@reuters.net))