MphasiS Limited
Franklin Templeton Mutual Fund has dropped off the MphasiS Limited shareholder list after previously holding 1.06 percent. This shift indicates either a complete exit or a reduction of the stake to just below the 1 percent disclosure threshold.
A global information technology solutions provider that specializes in cloud and cognitive services for enterprise transformation. Mphasis applies next-generation technology to help businesses modernize operations and drive digital change across multiple industries worldwide. The company delivers IT consulting and software solutions, focusing on emerging technologies, business process optimization, and infrastructure modernization to enable clients to compete effectively in digital markets.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.