MPS Interactive Systems Limited Completes 100% Acquisition of the Liberate Group

MPS Interactive Systems Limited ("MPSi"), a material subsidiary of MPS Limited ("the Company"), has completed the acquisition of the remaining shareholding in the Liberate Group of Companies-Liberate Learning Pty Ltd, App-eLearn Pty Ltd, and Liberate eLearning Pty Ltd, in accordance with the valuation methodology as agreed under the transaction documents. Following this transaction, MPSi holds 100% of the issued and paid-up share capital of all entities forming part of the Liberate Group, which have accordingly become its wholly owned subsidiaries.

Rahul Arora, Chairman and CEO of MPS Limited, stated: The corporate learning sector is one of our most dynamic growth areas. The completion of the 100% acquisition of the Liberate Group further aligns with our strategic objective to expand our global footprint and deliver comprehensive, technology-enabled learning solutions to clients worldwide.

Shares of MPS Limited was last trading in BSE at Rs. 2233.05 as compared to the previous close of Rs. 2259.20. The total number of shares traded during the day was 169 in over 51 trades.

The stock hit an intraday high of Rs. 2286.00 and intraday low of 2231.75. The net turnover during the day was Rs. 379561.00.

Source : Equity Bulls

Keywords

MPS INE943D01017 MPSInteractiveSystems Acquisition Complete LiberateGroup