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:

Economic Pulse

REUTERS SHOWCASE

Nifty Above 8,600

Nifty Above 8,600

Nifty hits record high above 8,600; state-run lenders gain  Full Article 

Indian in Iraq

Indian in Iraq

India says no contact with 39 men held by Islamic State in Iraq.  Full Article 

Sahara Issue

Sahara Issue

Sahara looks to raise $650 million loan to fund bail.  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster.  Full Article 

Essar Group

Essar Group

Exclusive - Essar's planned oil-for-steel deal tests Iran sanctions  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Fiscal Deficit

Fiscal Deficit

April-October fiscal deficit nears 90 pct of full-year target  Full Article 

Oil Prices

Oil Prices

Oil hits new four-year low post OPEC as glut looms  Full Article 

Gold Imports

Gold Imports

India eases gold import rule in surprise move.  Full Article 

Reuters India Mobile

Reuters India Mobile

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