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Blackstone Inc. is a real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity, and multi-asset class strategies specialist. having a total asset under management of $1 trillion. Typically, the business invests in early-stage enterprises. Blackstone has 223 firms in its portfolio. 

Here are the companies in which Blackstone holds up to 60% stake

Mphasis Ltd. 

Mphasis Ltd is a Mid-cap company with a market capitalization of Rs 44,791 crore. On Friday, the company’s shares closed at Rs 2,375.20 per share, up 0.87 from the previous close price. 

As of Q2FY24, Blackstone Private Equity holds a 60.5 percent stake in Mphasis. The company’s promoter holds 55.57 percent and domestic institutional investors hold a 22.66 percent stake. 

The company’s profitability ratio for the most recent fiscal year shows a return on equity of 20.64 percent and a return on capital employed of 25.76 percent. while the company’s net profit margin increased to 11.87 percent. 

The company’s share price has increased by 17 percent in the previous six months and 20 percent on a year-by-year basis. 

Mphasis Ltd’s revenue has decreased by 7 percent year on year, from Rs 3,519 crore in Q2FY23 to Rs 3,276 crore in Q2FY24. During the same timeframe, Net profit has significantly declined by 6.5 percent from Rs 418 crore to Rs 391 crore. 

Mphasis, a global provider of information technology (IT) solutions specializing in cloud and cognitive services, uses next-generation technology to assist firms in transforming their businesses globally. 

Embassy Office Parks REIT Ltd. 

Embassy Office Parks REIT Ltd is a Mid-cap company with a market capitalization of Rs 30,116 crore. On Friday, the company’s shares closed at Rs 317.72 per share, down 1.38 from the previous close price. 

As of Q2FY24, Blackstone Private Equity holds a 24 percent stake in Embassy Office Parks. 

The company’s profitability ratio for the most recent fiscal year shows a return on equity of 2.07 percent and a return on capital employed of 3.85 percent. while the company’s net profit margin increased to 12.12 percent.

Embassy Office Parks Ltd revenue has increased by 4.2 percent year on year, from Rs 888 crore in Q2FY23 to Rs 926 crore in Q2FY24. During the same timeframe, Net profit has significantly increased by 71 percent from Rs 115 crore to Rs 197 crore. 

Embassy Office Parks REIT owns, operates, and invests in rent or income-generating real estate and related assets in India. It is India’s first publicly listed REIT and is Asia’s largest official REIT by area. 

Written by Omkar Chitnis 

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