MPS strengthens on getting into BTA to collect Tata Interactive Systems

MPS strengthens on getting into BTA to collect Tata Interactive Systems

by admin- Wednesday, April 25th, 2018 04:32:33 PM

MPS is currently buying and selling at Rs. Six hundred.30, up via 26.Eighty factors or four.67% from its preceding remaining of Rs. 573.50 at the BSE.

The scrip opened at Rs. 574.90 and has touched a high and coffee of Rs. 624.95 and Rs. 574.Ninety respectively. So some distance 7,557 shares were traded at the counter.

The BSE group ‘B’ stock of face cost Rs. 10 has touched a 52 week excessive of Rs. 730.00 on 28-Apr-2017 and a fifty two week low of Rs. 495.10 on 28-Mar-2018.

Last one week excessive and occasional of the scrip stood at Rs. 624.95 and Rs. 516.90 respectively. The current market cap of the agency is Rs. 1,009.86 crore.

The promoters keeping inside the employer stood at sixty seven.77%, even as Institutions and Non-Institutions held nine.28% and 22.95% respectively.

MPS has entered right into a Business Transfer Agreement (BTA) with Tata Industries for acquisition of Tata Interactive Systems (A enterprise department of Tata Industries). MPS has also entered into Share Purchase Agreements with Tata Industries for acquisition of a hundred% stocks held through Tata Industries in its thoroughly owned subsidiaries, Tata Interactive Systems GmbH, a German primarily based organization & Tata Interactive Systems AG, a Switzerland based agency.

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