Brief: MPS Approves Proposal To Invest 400 Mln Rupees In Unit MPS Interactive Systems

MPS

18/01/2019 13:43

Jan 18 (Reuters) - MPS Ltd  MPSL.NS :
    * APPROVED PROPOSAL TO INVEST 400 MILLION RUPEES IN UNIT MPS
INTERACTIVE SYSTEMS
    * INVESTMENT WILL BE DONE BY WAY OF SUBSCRIPTION TO EQUITY
SHARES
AT PAR ON A RIGHTS BASIS
    * SUM OF 380.3 MILLION RUPEES WILL BE UTILISED BY CO FROM
THE
FUNDS RAISED THROUGH QUALIFIED INSTITUTIONAL PLACEMENT

Source text: http://bit.ly/2Hwhe7p
Further company coverage:  MPSL.NS 

 ((Reuters.Briefs@thomsonreuters.com;))