The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 26, 2026 for BCP Topco IX Pte Ltd
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BCP Topco IX Pte. Ltd., the promoter holding 30.55% stake (5,82,99,642 shares) in Mphasis, has refinanced its USD 1.1 billion loan from 2021 with a new USD 550 million facility in 2026. As part of this refinancing, the old encumbrance over the promoter's shares (held indirectly via parent company) was released on May 15, 2026, and simultaneously replaced with a new direct pledge covering 100% of the promoter's stake in favor of new lenders including Citibank, Barclays, MUFG, HSBC, Morgan Stanley, BNP Paribas, Deutsche Bank, JP Morgan, and Nomura. The value of encumbered shares is INR 12,145 crore against a loan of INR 5,276 crore (ratio 2.30x). No change in shareholding occurred.
The entire promoter stake of 30.55% is now pledged as security for the new loan, replacing the previous indirect encumbrance. While no shareholding change occurred, the direct pledge on shares increases lender protection and signals the promoter's continued leveraged position in Mphasis.