MPHASIS LTD. - Mphasis Transfers portion of India Domestic business to Karvy Data Management Services Limited (KDMSL)

Mphasis Ltd has informed BSE that the Company, in line with its strategy to optimize the portfolios and focus on its core offerings, has on July 10, 2015 executed a definitive agreement for sale of a portion of the domestic India business to Karvy Data Management Services Limited (Transaction).<BR><BR>This is further to the sale of significant portion to Hinduja Global Solutions (HGS) reported on June 30, 2015.<BR><BR>The press release being made in connection with the Transaction is enclosed.