Mphasis seeks re-classification of Marble II from promoter to public category

The company has sent the application to the stock exchanges for the same.

Sep 14, 2021 09:09 IST India Infoline News Service

Mphasis Ltd
Mphasis Limited has submitted the application on Monday to the stock exchanges i.e. BSE Limited and the National Stock Exchange of India Limited, seeking the re-classification of Marble II Pte. Ltd., in accordance with the SEBI regulations.

The move came after the company received an application on August 11, 2021, regarding the request for re-classification of Marble II from the “Promoter” category to “Public” which was recorded by the Board of Directors of the company in its meeting held on August 31, 2021.

At around 9.57 AM, Mphasis Ltd was trading at Rs3,008.30 per piece up by Rs11.1 or 0.37% from its previous closing of Rs2,997.20 per piece on the BSE.

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