August 25, 2006
The media had reports that EDS is likely to announce a buyback for the remaining shares and delist the company from the Stock Exchanges post the buyback.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Mphasis BFL Limited has vide its letter inter-alia stated, "We wish to inform you that the Board of Directors of Mphasis BFL Limited has not considered any such proposal. The news item is merely market speculation."
Source: National Stock Exchange of India Limited
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