MPS is currently trading at Rs. 908.00, up by 24.75 points or 2.80% from its previous closing of Rs. 883.25 on the BSE.
The scrip opened at Rs. 884.00 and has touched a high and low of Rs. 917.00 and Rs. 884.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1039.00 on 27-Jan-2015 and a 52 week low of Rs. 316.25 on 05-Jun-2014.
Last one week high and low of the scrip stood at Rs. 917.00 and Rs. 875.25 respectively. The current market cap of the company is Rs. 1,527.00 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 0.23% and 24.77% respectively
MPS, a global leader in publishing services, has successfully closed its Qualified Institutions Placement (QIP) of equity shares to raise Rs 150 crore. The QIP saw participation from four mutual fund houses including one of the largest domestic mutual funds and FIIs.
Promoter shareholding post QIP is now 67.8% as compared to 75.0% on December 31, 2014. The proceeds will be used by the company for selective strategic acquisitions that will help it to expand scope of services, add new customers, and enter new geographies.
MPS is engaged in the business of providing content creation, production, transformation, and technology services to global academic and educational publishers.
