"The entire industry is witnessing a change in demand patterns. Digital revolution would necessitate organisations to innovate and socialise. We are enjoying the benefits of our transformation towards hyper-specialisation and customer focus," said Ganesh Ayyar CEO Mphasis. The company's productivity improvement plan has provided stellar impact despite 160 basis points impact from wage hike, said V Suryanarayanan CFO and Executive Vice-President Mphasis. The stock of the company closed 3.88 per cent up at Rs 450.75 apiece on the BSE. In a separate statement, Mphasis clarified media reports that said the company is not involved in any negotiations for potential acquisition by private equity firms Blackstone and Apollo Global Management.