MphasiS board nod for EDS offer

The board of directors of MphasiS BFL, which met today, approved a proposal to support fully whatever action shareholders take with respect to the offer by EDS.

According to a release issued by MphasiS to the BSE today, the board acknowledged that a partnership with a leading company like EDS will enable the company to broaden its offering to customers and also provide enhanced prospects to the employees.

Jerry Rao, chairman and CEO of MphasiS, said: "We are supportive of this transaction and look forward to its successful closure. We are very excited about the opportunities for growth and the potential for enhancing our customer offering."

Click here for Rs 1,672 crore EDS offer