MPS Limited had acquired Mag+ AB, a Sweden based entity in July, 2016. To strengthen the product and market focus which is now driven from India & USA and in order to rationalize these operations, the Board of Directors in their meeting held on 25th January, 2017, had approved the process of dissolution of Mag+ AB, Sweden.
Pursuant to Regulation 30 of the SEBI LODR Regulations, 2015, we would like to inform you that Mag+ AB, a Wholly Owned Foreign Subsidiary of the Company has been registered as dissolved on January 15, 2018 with effect from December 21, 2017, by Swedish Companies Registration Office vide registration number 556821-6450.
Shares of MPS LTD. was last trading in BSE at Rs.654.55 as compared to the previous close of Rs. 652.45. The total number of shares traded during the day was 790 in over 63 trades.
The stock hit an intraday high of Rs. 658.45 and intraday low of 625.05. The net turnover during the day was Rs. 511098.