Mphasis Ltd.

Mphasis has received an approval for merger of MphasiS FinsourcE, a wholly owned subsidiary, with the company. The proposal is subject to necessary approvals. The board of director at its meeting held on September 27, 2013 has approved for the same.

Mphasis is a $1 billion global service provider, delivering technology based solutions to clients across the world. Mphasis services clients in banking and capital markets, insurance, manufacturing, communications, media & entertainment, healthcare & life sciences, transportation and logistics, retail and consumer packaged goods, energy & utilities, and governments around the world.