MphasiS falls on HP's $8.8 bln writedown

Last Updated: Wed, Nov 21, 2012 06:06 hrs

Shares in software and back office provider MphasiS fall 2.8 percent after majority owner Hewlett-Packard Co took a $8.8 billion writedown after alleging a massive accounting scandal at its British software unit Autonomy.

The news sent HP's shares, which owns 60.5 percent stake in MphasiS, plunging 12 percent to a 10-year low.

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