Mphasis jumped 9.88 per cent to Rs 242.45 on the BSE on reports that Hewlett-Packard was in talks to buy outsourcing company Electronic Data Systems, which owns a majority stake (60.89 per cent) in Mphasis.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>If the deal materialises, it will trigger the mandatory open offer for 20 per cent stake in Mphasis, as per the Sebi takeover regulations. 
</p><p class='TableClas'>A total of 11.09 lakh shares were traded on the counter vis-

Mphasis races ahead on open offer buzz

DALAL STREET SPIKES

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