The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 18, 2025 for BCP Topco IX Pte Ltd
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On the reaction day the stock moved 1.4 pts more than Nifty Midcap 150 and 1.2 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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BCP Topco IX Pte Ltd, the promoter of Mphasis Ltd, sold 1,80,00,000 shares (9.46% of total share capital) through an on-market sale on 18 November 2025. Following this transaction, the promoter's stake in Mphasis has dropped from 7,62,99,642 shares (40.10%) to 5,82,99,642 shares (30.64%). The filing under SEBI's SAST Regulations discloses the corresponding release of encumbrance, since the parent entity (BCP Asia SG Mirror Holding) had pledged its 100% holding in BCP Topco as collateral for a USD 1.1 billion term loan facility with a consortium of global lenders arranged in July 2021. The encumbrance was at the holding company level, not directly on Mphasis shares.
A sizeable open-market promoter sell-down of nearly 9.5% is likely to weigh negatively on short-term stock sentiment due to supply overhang and reduced promoter holding. With promoter stake now at 30.64%, Mphasis is firmly in the minority-promoter zone, which could raise governance and strategic-direction concerns among investors.