MARKET EYE-India's MphasiS falls on HP's $8.8 bln writedown

Wed Nov 21, 2012 9:56am IST

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* Shares in Indian software and back office provider MphasiS
 fall 2.8 percent after majority owner Hewlett-Packard
Co took a $8.8 billion writedown after alleging a
massive accounting scandal at its British software unit
Autonomy. 
* The news sent HP's shares, which owns 60.5 percent stake in
MphasiS, plunging 12 percent to a 10-year low. 

 (abhishek.vishnoi@thomsonreuters.com)
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