Major IT company acquires eBECS, a wholly owned subsidiary of UK International Operations Ltd!
The acquisition enhances their ability to address client needs and adds significant value to their UK business.
Mphasis, a renowned global provider of Information Technology (IT) solutions, specialises in delivering cloud and cognitive services to assist enterprises in their worldwide business transformation endeavours through the application of cutting-edge technologies.
In a recent development, Mphasis Consulting Limited, a wholly owned subsidiary of the company, has successfully signed a definitive agreement to acquire 100 per cent of the shares in eBECS Limited. Notably, eBECS Limited is currently a wholly owned subsidiary of DXC UK International Operations Limited.
The acquisition enhances their ability to address client needs and add significant value to their UK business by bringing in marquee client relationships and innovative service delivery and customer engagement models through Microsoft’s Business Applications.
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The company has delivered an impressive performance, generating a remarkable 127 per cent return over the last 3 years and an outstanding 80 per cent return over the last 5 years. It has a ROCE of 27.6 per cent and a ROE of 22 per cent.
On Friday, the shares of Mphasis surged by 1.56 per cent and made an intraday high of Rs 2013.10.
Investors should keep a close eye on this largecap stock.