Mphasis Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Mphasis announced the election of Jan Kathleen Hier, the Company's Independent Director since December 2015, as the Chairperson of the Board, effective 1 October 2024. Hier succeeds Davinder Singh Brar, who retires effective 30 September 2024, consequent to successful completion of term, as an Independent Director, approved by the shareholders.

Hier previously served as a partner at a start-up and as Executive Vice President at Charles Schwab, where she led centralized support services, including Schwab Technology Services, Operational Services, Corporate Project Management, Operational Risk Management, and Offshore Services. During her tenure at Schwab, she also held several senior leadership positions, including Chief Information Officer, Executive Vice President of Human Resources, and Head of Electronic Brokerage Technology.

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Mphasis will hold a meeting of the Board of Directors of the Company on 16 October 2024.

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Mphasis Ltd fell 3.84% today to trade at Rs 3055.8. The BSE Information Technology index is down 0.96% to quote at 43540.99. The index is up 3.92 % over last one month. Among the other constituents of the index, Oracle Financial Services Software Ltd decreased 2.27% and Zaggle Prepaid Ocean Services Ltd lost 1.87% on the day. The BSE Information Technology index went up 31.12 % over last one year compared to the 22.77% surge in benchmark SENSEX.

Mphasis Ltd has added 2.61% over last one month compared to 3.92% gain in BSE Information Technology index and 3.18% rise in the SENSEX. On the BSE, 3368 shares were traded in the counter so far compared with average daily volumes of 19567 shares in the past one month. The stock hit a record high of Rs 3186.95 on 17 Sep 2024. The stock hit a 52-week low of Rs 2068.45 on 26 Oct 2023.

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Mphasis announced the appointment of Ajay Arya as Head of Mergers & Acquisitions (M&A). Ajay will be based in New York and lead the entire process, including strategy, evaluation, deal sourcing, negotiation, diligence management and post-merger integration.

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