VERIFIEDMint Companies·20 May 2026neutral

Blackstone pledges all its Mphasis shares to raise $700 million and refinance loan

AI Summary

·Blackstone has pledged its 30.55% stake in Mphasis Ltd.
·The pledge is to refinance a loan and raise at least $700 million.
·This is the first time an IT services company owner has used shares as collateral for loans.