India's MPS surges after unit buys stake in Australia-based Liberate Group

MPS

30/08/2023 05:44

** Shares of MPS Ltd  MPSL.NS  rise as much as 5.8% to 1,605
rupees, extending gains for a third straight session
    ** The digital solutions firm said on Tuesday its unit, MPS
Interactive Systems, has acquired a 65% stake in four entities
of Australia-based Liberate Group
    ** Co executed share purchase agreement for 9.32 million
Australian dollars ($6.03 million)
    ** Stock trading above its 50-, 100-, and 200-day moving
averages since Aug 2, in bullish trend
    ** Stock up ~89.5% so far this year

($1 = 1.5456 Australian dollars)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))