MPS Re-Structuring - For Regulatory Purpose?
MPS Limited (“MPS”), a listed pure-play publishing services company, provides platforms and services for content creation, full-service production, and distribution to the world’s leading publishers, learning companies, corporate institutions, libraries, and content aggregators. The Group is powered by 2,800 employees based across its five operations and technology centres in India (Noida, Gurugram, Dehradun, Bengaluru, and Chennai), and its five offices in the US (New York, Orlando, Durham, Effingham, and Portland). The company was established as an Indian subsidiary of Macmillan (Holdings) Limited in 1970. In 2011, the company was acquired by ADI BPO Services Limited from Macmillan (Holdings) Limited, led by Mr. Nishith Arora. THE TRANSACTION The Board of Directors of MPS Limited (“ Transferee Company ”) approved the amalgamation of ADI BPO Services Limited (“Transferor Company” or “ADI BPO”) into the Transferee Company . Before the amalgamation, Transferor Company will de...