MPS rises on completing acquisition of HighWire Press

02 Jul 2020 Evaluate

MPS is currently trading at Rs. 284.75, up by 4.55 points or 1.62% from its previous closing of Rs. 280.20 on the BSE.

The scrip opened at Rs. 283.60 and has touched a high and low of Rs. 284.75 and Rs. 283.60 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 612.00 on 31-Oct-2019 and a 52 week low of Rs. 156.00 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 296.00 and Rs. 267.00 respectively. The current market cap of the company is Rs. 527.98 crore.

The promoters holding in the company stood at 67.77%, while Institutions and Non-Institutions held 6.81% and 25.42% respectively.

MPS has completed the acquisition of HighWire Press. HighWire has long been an industry thought leader and has championed many of the digital standards and initiatives that have shaped modern scholarly publishing. MPS and HighWire share an ethos of embedding flexibility into publishing solutions through strategic partner programs and have grown and evolved their respective businesses organically, through third-party integrations, and selective acquisitions.

The combination presents a significant opportunity for MPS’ and Highwire’s customers. Increased resources, more comprehensive platform offerings, and a broader partner and distribution network are just some of the benefits.

MPS provides platform, learning, and content solutions and is a global partner to the world’s leading enterprises, publishers, learning companies, and content aggregators.

MPS Share Price

1540.15 -11.55 (-0.74%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
D.B. Corp 261.00
Navneet Education 137.75
Jagran Prakashan 102.40
HT Media 26.50
Hindustan Media Vent 108.35
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