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The Economic Times
The Economic Times
Technology

SHOCKING: Blackstone pledges entire mphasis stake to refinance loan | Mind Blowing Facts

Blackstone Mphasis Singapore

Blackstone, the promoter of mid-tier IT services company Mphasis, has pledged its entire 30.55% stake in the company as collateral under a refinancing arrangement, according to stock exchange filings on Tuesday.

Singapore-based promoter entity BCP Topco IX Pvt Ltd, a Blackstone subsidiary, has pledged its holding to refinance its existing loan, with a fresh facility of up to $550 million from a consortium of global lenders.

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