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Electronic Data Systems

(EDS)

wants to expand its stake in India-based

Mphasis

, offering to buy another 20% of the company.

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In an effort to

bolster its presence in India, EDS bought a

majority ownership position --about 52% -- in the IT services and business-process outsourcing firm earlier this year.

EDS said Thursday it would pay approximately $150 million, or $4.51 (Rupees 204.5) a share, for the additional stake. If accepted, the transaction should close by the fist quarter of 2007.

When the Plano, Texas-based company made its majority stake offer earlier in the year, it was significantly oversubscribed. The additional stake gives investors another "liquidity opportunity."

EDS shares recently added 5 cents to $24.15.