Wednesday August 12, 12:00 PM Reuters

MphasiS to buy AIG's IT services unit

BANGALORE (Reuters) - MphasiS Ltd (MPHASIS.NS : 677.1 +4.5) said on Wednesday it had reached an agreement to acquire the India-based IT services and solutions arm of American International Group Inc.

Financial details of the deal were not disclosed.

AIG Systems Solutions Private Ltd, which provides IT services to AIG companies worldwide, has more than 800 staff at its facilities in Indian cities of Chennai and Kolkata, MphasiS said in a statement.

(For more news on Reuters Money click http://in.reuters.com/money)

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