MPS Interactive Systems Limited announced that it has received INR 439.9 million in funding from MPS Limited
June 18, 2018
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MPS Interactive Systems Limited announced that it has received a private placement of 21,990,000 equity shares at INR 10 per share for gross proceeds of 219,900,000 and 22,000,000 8% Non-Cumulative Redeemable Preference Shares at INR 10 per share for gross proceeds of INR 220,000,000 for total gross proceeds of INR 439,900,000 from MPS Limited (BSE:532440) on June 19, 2018.
MPS Limited is an India-based company, which is engaged in providing of platforms, content, and learning solutions for the digital world. The Company operates through two segments: Content solutions and Platform solutions. Its Content solutions segment is engaged in creating and developing content for print and digital delivery. It includes content authoring/development, content production, content transformation, fulfilment, and customer support services. Its Platform solutions segment is engaged in developing and implanting various software and technology services programs. The Companyâs platforms include DigiCore, MPSTrak, mag+, THINK360, ScholarStor, ScholarlyStats and MPSInsight. Its MPSTrak is a cloud-based production workflow and content management platform for all product types including books, journals, reference works, and all media. THINK360 is an end-to-end, cloud-based integrated platform that enhances the user's overall content management and delivery experience.
MPS LIMITED 
