Mphasis is currently trading at Rs. 406.25, up by 17.85 points or 4.60% from its previous closing of Rs. 388.40 on the BSE.
The scrip opened at Rs. 403.15 and has touched a high and low of Rs. 413.00 and Rs. 393.25 respectively. So far 31,846 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 439.00 on 29-Feb-2012 and a 52 week low of Rs. 295.05 on 29-Dec-2011.
Last one week high and low of the scrip stood at Rs. 413.00 and Rs. 383.10 respectively. The current market cap of the company is Rs. 8,535 crore.
The promoters holding in the company stood at 60.50% while Institutions and Non-Institutions held 28.49% and 11.00% respectively.
Mphasis (an HP Company) enter into a definitive agreement to acquire Orlando, Florida, USA based Digital Risk LLC. Digital Risk is one of the largest independent providers of Risk, Compliance and Transaction Management solutions to the United States mortgage market. The acquisition is an all cash deal valued at $175 million with an additional earn-out component.
Digital Risk provides highly specialized Risk, Compliance and Transaction Management solutions for the mortgage industry. Digital Risk’s proprietary Making Mortgages Safe solutions suite is deployed by over 15 blue chip clients across key mortgage constituencies - Originators, Insurers, Issuers and Investors. Digital Risk is licensed to operate in 46 states in the United States.
In August 2012, Digital Risk was named as one of America’s entrepreneurial growth leaders by Inc. Magazine. Digital Risk ranked number 11 among the fastest growing private financial services companies in the US, in 2012 Inc. 500 list. The company is expected to register revenues of $127 million in CY2012 and has grown at a revenue CAGR of 70% in the last 3 years.
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