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Mphasis signs business venture agreement with Ardonagh Source: IRIS | 24 Dec, 2021, 07.34PM Rating: NAN / 5 stars. Comments  |  Post Comment Notice: Undefined variable: fileR in /me/beta.myiris.com/htdocs/newsCentre/bin/addLinksNew.php on line 17 Notice: Undefined variable: fileR in /me/beta.myiris.com/htdocs/newsCentre/bin/addLinksNew.php on line 142 Mphasis, a provider of IT applications, infrastructure and BPO services, and Ardonagh Group, UK (Ardonagh) have signed business venture agreement wherein, Mphasis acquires 51% in Mrald, a company incorporated and registered in England and Wales, with 49% of the equity remaining with Ardonagh. Mrald will service middle and back-office functions, and is aimed at expanding in two areas - insurance operations and technology capabilities; and new clients across the Ardonagh and third party clients in the insurance intermediate market. Mphasis holds a majority share (51%) with both operating control and full economic interest, as well as bringing their existing offshore expertise to constitute an extended global outsourcing & transformation proposition and capability that can be harnessed to personalise and to meet individual UK customer needs. Shares of the company gained Rs 32.25 or 1.01%, to settle at Rs 3,218.65. The total volume of shares traded was 19,475 at the BSE (Friday).  Post Comment Notice: Undefined index: dir in /me/beta.myiris.com/htdocs/newsCentre/comments.php on line 162 > Name Email Comment Security Code type    Notice: Undefined variable: captchacode in /me/beta.myiris.com/htdocs/newsCentre/comments.php on line 183 into this box

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