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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: chalu2 who wrote (608)	2/7/2000 2:28:00 AM
From: Mohan Marette	Respond to of 1471

OT India's BFL Software to acquire U.S. firm MphasiS AOL? Hard to say. ============== Monday February 7, 1:24 am Eastern Time (Note: this article is ``in progress'; there will likely be an update soon.) BFL Trading at Rs 935.25 (Approx $21.50) on NSE BOMBAY, Feb 7 (Reuters) - India's BFL Software Ltd is planning to issue 6.5 million equity shares on a preferential basis to the US-based MphasiS Corporation, in exchange for all MphasiS's common stock equivalent securities, the firms said in a joint statement on Monday. ``Consequent to this transaction, MphasiS Corporation will become a wholly owned subsidiary of BFL Software Ltd,' the statement said. BFL's board will meet on February 14, to consider the proposal.