The world?s largest private equity fund Blackstone Inc. (NYSE:BX) may sell up to a 15% stake in the IT major Mphasis Limited (BSE:526299) for an estimated value of INR 66.97 billion ($803 million) through a block deal on June 10, 2024, according to deal term sheet reviewed by ET. This would be the second-largest block deal this year after British American Tobacco garnered nearly INR 170.00 billion by selling a 3.5% stake in ITC. Blackstone holds 55.45% in the Bengaluru-based company as of the end of March 2024 under the name of BCP Topco IX Pte.

Ltd., according to a BSE filing. Post the block deal, Blackstone's stake will drop to 40.4%, and will remain the largest shareholder in the company. The firm declined to comment on the stake sale.