MPS Limited agreed to acquire ADI BPO Services Private Limited.
January 21, 2018
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MPS Limited (BSE:532440) agreed to acquire ADI BPO Services Private Limited on January 22, 2018. MPS Limited will issue 1.07 share against the each share of ADI BPO Services Private Limited. Post completion ADI BPO Services Private Limited will be dissolved without winding up. As of March 31, 2017, ADI BPO Services Private Limited reported turnover of INR 29.3 million and Net worth of INR 582.3 million. On December 11, 2018, In the meeting of Board of Directors of MPS Limited approved the appointment of Sunil Manubhai Shah as an Additional Director. The transaction is approved by the Board of Directors of MPS Limited. As of September 7, 2018, National Company Law Tribunal, Chennai has directed to convene the meeting of shareholders of MPS Limited on October 25, 2018. As of September 21, 2018, MPS Limited issued notice of meeting of shareholders scheduled to be held on October 25, 2018. As of October 25, 2018, MPS Limited shareholders approved the deal. Manish Sharma of SPA Capital Advisors Limited acted as financial advisor for ADI BPO Services Private Limited.
MPS Limited is an India-based company, which is engaged in providing of platforms, content, and learning solutions for the digital world. The Company operates through two segments: Content solutions and Platform solutions. Its Content solutions segment is engaged in creating and developing content for print and digital delivery. It includes content authoring/development, content production, content transformation, fulfilment, and customer support services. Its Platform solutions segment is engaged in developing and implanting various software and technology services programs. The Companyâs platforms include DigiCore, MPSTrak, mag+, THINK360, ScholarStor, ScholarlyStats and MPSInsight. Its MPSTrak is a cloud-based production workflow and content management platform for all product types including books, journals, reference works, and all media. THINK360 is an end-to-end, cloud-based integrated platform that enhances the user's overall content management and delivery experience.