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Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. NIFTY 50 10, Drag according to your convenience. Mphasis said it sold a portion of its India business to Karvy Data Management Services, which will result in the transfer of 2, employees, as the IT services major continues the process of paring back its exposure to Karvy company in bangalore dating Indian business process outsourcing sector.

Mphasis had already transferred two-thirds of its domestic business to Hinduja Global Solutions for Rs 17 crore, that transaction resulted in the re-badging of 7, employees.

This definitive agreement offers tangible proof of our commitment to execute our strategic road map.

The company did not disclose a transaction value for the Karvy deal. After the sale to Hinduja, Ayyar had told ET that the company was working on options for the rest of the business. Read more on MphasiS. Recommended For You What to consider while buying cyber insurance.

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