HP to sell stake in Mphasis: Report

02 Jul 2014

Hewlett-Packard (HP) is reportedly planning to sell its stake in the Bangalore-based information technology services company -- Mphasis. The US-headquartered technology major had given UBS the job of finding a suitor for Mphasis.

HP, through its wholly-owned subsidiaries--EDS Asia Pacific Holdings, EDS World Corporation (Far East) & EDS World Corporation (Netherlands)--holds 60.49% stake in Mphasis.

Mphasis, an HP Company, is a $1 billion global service provider, delivering technology based solutions across industries, including Banking & Capital Markets, Insurance, Manufacturing, Media & Entertainment, Telecom, Healthcare, Life Sciences, Travel & Transportation, Hospitality, Retail & Consumer Goods, Energy & Utilities, and Governments around the world.

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