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:

Fast-tracking Projects

REUTERS SHOWCASE

Oil Prices

Oil Prices

Oil resumes slide after brief rebound on short-covering.  Full Article 

Space Programme

Space Programme

ISRO tests its heaviest space launch vehicle, eyes global market   Full Article 

Coal India Strike

Coal India Strike

Coal India workers threaten five-day strike, stokes output worries  Full Article 

Gold Discount

Gold Discount

Dealers offer gold discount for first time in five months  Full Article 

Lakhvi Granted Bail

Lakhvi Granted Bail

Pakistan court bails man accused of masterminding Mumbai attack  Full Article 

GST Bill

GST Bill

Cabinet clears bill for nationwide goods and services tax.  Full Article 

Aviation Sector

Aviation Sector

Breakingviews: SpiceJet rescue is no fix for India aviation woes.  Full Article 

Global Economy

Global Economy

Fed confident on U.S. growth, opens door wider to rate hike.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

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