MPS zooms as its arm completes acquisition of AJE LLC
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
MPS is currently trading at Rs. 1590.35, up by 107.60 points or 7.26% from its previous closing of Rs. 1482.75 on the BSE.
The scrip opened at Rs. 1550.00 and has touched a high and low of Rs. 1611.15 and Rs. 1550.00 respectively. So far 7666 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1884.20 on 21-Nov-2023 and a 52 week low of Rs. 809.30 on 03-May-2023.
Last one week high and low of the scrip stood at Rs. 1611.15 and Rs. 1441.60 respectively. The current market cap of the company is Rs. 2745.57 crore.
The promoters holding in the company stood at 68.34%, while Institutions and Non-Institutions held 4.27% and 27.39% respectively.
MPS’ wholly owned subsidiary -- MPS North America LLC has successfully completed the acquisition of AJE LLC, including its subsidiary American Journal Online (Beijing) Information Consulting. The strategic move marks MPS' entry into the B2C marketplace and significantly enhances its AI capabilities. The acquisition includes Curie, an AI-powered writing assistant that provides intelligent suggestions, improves writing structure, enhances flow, and assists with citations, thus facilitating the creation of high-quality academic content.
For AJE, joining MPS means that the author-focused company is now part of a publisher-agnostic ecosystem, with more opportunities to grow its customer base and enter new markets. In addition, AJE's customers can take advantage of services offered by MPS' deep bench of publishing professionals.
MPS is a leading global provider of platforms and content solutions for the digital world. The long service history as a captive business allowed MPS to build unique capabilities and talents through strategic partner programs.
