MPS Limited (BSE:532440) agreed to acquire ADI BPO Services Private Limited on January 22, 2018. MPS Limited will issue 1.07 share against the each share of ADI BPO Services Private Limited. Post completion ADI BPO Services Private Limited will be dissolved without winding up. As of March 31, 2017, ADI BPO Services Private Limited reported turnover of INR 29.3 million and Net worth of INR 582.3 million. On December 11, 2018, In the meeting of Board of Directors of MPS Limited approved the appointment of Sunil Manubhai Shah as an Additional Director. The transaction is approved by the Board of Directors of MPS Limited. As of September 7, 2018, National Company Law Tribunal, Chennai has directed to convene the meeting of shareholders of MPS Limited on October 25, 2018. As of September 21, 2018, MPS Limited issued notice of meeting of shareholders scheduled to be held on October 25, 2018. As of October 25, 2018, MPS Limited shareholders approved the deal. Manish Sharma of SPA Capital Advisors Limited acted as financial advisor for ADI BPO Services Private Limited.