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MPS gains on entering into agreement to acquire THINK Subscription

06 Feb 2017 Evaluate

MPS is currently trading at Rs. 690.00, up by 1.30 points or 0.19% from its previous closing of Rs. 688.70 on the BSE.

The scrip opened at Rs. 695.00 and has touched a high and low of Rs. 703.05 and Rs. 686.50 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 800.00 on 04-Jul-2016 and a 52 week low of Rs. 610.00 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 703.05 and Rs. 652.00 respectively. The current market cap of the company is Rs. 1,160.76 crore.

The promoters holding in the company stood at 67.77%, while Institutions and Non-Institutions held 11.19% and 21.04% respectively.

MPS has entered into a definitive asset purchase agreement to acquire THINK Subscription. This acquisition is subject to customary closing conditions. The acquisition of THINK will not have a material effect on revenues and profits of the company.

MPS is a leading provider of platforms and services for content development, production, and distribution.


Peers
Company Name CMP
D.B. Corp 181.50
Jagran Prakashan 62.76
HT Media 24.40
Navneet Education 124.60
S Chand And Company 138.05
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