MARKET EYE-MphasiS shares jump after Digital Risk buy

Mon Dec 3, 2012 11:10am IST

Related Topics

Stocks

   

* Shares in MphasiS Ltd rose as much as 6.1 percent
after the company, a unit of Hewlett-Packard Co, agreed
to buy U.S.-based Digital Risk LLC, a mortgage management
specialist, for $175 million. 
* MphasiS said in a statement that Digital Risk is expected to
register revenues of $127 million in CY2012. 
* The company has maintained that it would be looking at
acquisitions to utilize the huge cash and cash equivalents of 23
billion rupees on the books.
* Shares up 4.24 percent at 404.60 rupees.

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Adani Project

Adani Project

Australia approves Adani's $16 bln Carmichael coal project  Full Article 

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Paring Debt

Paring Debt

Jaiprakash to sell hydro plants to Reliance Power  Full Article 

Nifty Falls

Nifty Falls

The broader index hits lowest in nearly a week on profit taking  Full Article 

Mideast Conflict

Mideast Conflict

U.N. Security Council calls for humanitarian ceasefire in Gaza  Full Article 

Market Eye

Market Eye

Foreign investors prefer Indian cyclicals, utilities - Macquarie  Full Article 

Debt Investment

Debt Investment

India's FII debt limit hike credit-positive, says Moody's  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage