MPS has completed the acquisition of 100% of the issued and paid up equity share capital of E.I. Designs through MPS Interactive Systems (MPSI), a wholly owned subsidiary of the Company by executing a share purchase agreement (Share Purchase Agreement). The shares held by the shareholders of E.I. Design have been purchased by MPSI by executing a share purchase agreement at a consideration of Rs 40 crore on a cash-free, debt-free basis.
The acquisition of EI Design furthers the inherent momentum in company’s eLearning business. MPS Interactive will benefit from the significant operational efficiency gains that will be enabled by EI Design’s proprietary operating model.
MPS is a leading global provider of platforms and content solutions for the digital world.
