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MPS gains on entering into binding membership purchase agreement with Element LLC

13 May 2013 Evaluate

MPS is currently trading at Rs 129.50, up by 1.20 points or 0.94% from its previous closing of Rs 128.30 on the BSE.

The scrip opened at Rs 130.00 and has touched a high and low of Rs 130.00 and Rs 129.25 respectively. So far 430 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 152.10 on 21-Feb-2013 and a 52 week low of Rs 39.05 on 17-May-2012.

Last one week high and low of the scrip stood at Rs 130.00 and Rs 115.10 respectively. The current market cap of the company is Rs 215.83 crore.

The promoters holding in the company stood at 75.00%, while Non-Institutions held 25.00%.

MPS has entered into a binding membership purchase agreement with Element, LLC, an unlisted limited liability company registered in Florida, United States, and the existing members of Element, LLC for the acquisition of 100% of the units of Element, LLC for an aggregate consideration of approximately Rs 10 crore.

The proposed transaction is subject to the fulfillment of certain conditions precedent that includes the receipt of regulatory approvals. The acquisition of Element, LLC will enhance the company’s presence in the US educational publishing market.

MPS supports international publishers through every stage of the author-to-reader publishing process and provides a digital-first strategy for publishers across content production, enhancement and transformation, delivery, and customer support.

MPS Share Price

1700.15 53.85 (3.27%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
D.B. Corp 231.40
Navneet Education 148.10
Jagran Prakashan 67.29
HT Media 22.25
Hindustan Media Vent 66.32
View more..

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