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, Deh radun, 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-merge its “Infrastructure Management Business” undertaking (“De-merged Undertaking”) into ADI Media Private Limited (“Resulting Company” or “ADI Media”).
Both ADI BPO & ADI Media are owned by the promoters/ promoter entities. ADI BPO is primarily engaged in the business of providing customer services, Lead Generation, data process, and business process outsourcing. It also provides facility management services. ADI BPO is the holding company of MPS Holding 67.77% stake in MPS.
Resulting Company is primarily a B2B magazine publisher with four niche publications-TV Veopar Journal, Communication Today, Broadcast and Cables at and Medical Buyer. Further, it creates rich business content which reaches a targeted business audience via print, web and exhibitions. It also provides facility management services. ADI Media holds 8.43% stake in ADI BPO.
Demerged Undertaking includes the business activity of leasing and infrastructure management covering all related assets, liabilities, rights and obligations. The Appointed date of the transaction is 1st April 2017.
RATIONALE FOR THE TRANSACTION
هذه القصة مأخوذة من طبعة April 2018 من M & A Critique.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 2018 من M & A Critique.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Cement Sector Consolidation Continues: Orient Cement to be acquired by Adani Group's Ambuja Cement
The shopping spree for the Adani group seems to be unstoppable. Recently, Adani group announced yet another acquisition in the cement space. This time it is Orient Cement Limited.
ITAT held that the reserve created on amalgamation is capital in nature and not taxable as perquisite
Recently, the Income Tax Appellate Tribunal, Mumbai held that the reserve created on amalgamation is capital in nature and not taxable as perquisite.
Mega Consolidation: SeQuent Scientific and Viyash Lifesciences backed by PE Carlyle Group
SeQuent Scientific Limited announced a merger which is expected to create a unique & differentiated platform with leading market position in Animal healthcare segment.
Raymond Group continues Segregation of its Business Verticals
After successful demerger of \"Lifestyle Business,\" Raymond Limited announced yet another restructuring to unlock further value for stakeholders.
Ultratech Cements adds India Cement in its shopping cart
India's Cement Industry is poised for consolidation. In recent past we have seen multiple large & small acquisitions in cement segment for consolidating positions.
Valor Estate Limited: "Diversification" to "Sepration" of Hospitality Business
“From investments in hospitality business, the demerger transaction will enable VEL to start its construction in hospitality”
SIEMENS Energy to be a separate entity in alignment with global strategy
Siemens AG announced its Vision 2020+ which included the spin-off of its Gas & Power [G&P) i.e., Energy Business into Siemens Energy.
Arvind Group separates its Advanced Material Business for independent growth trajectory
Advanced Material Business (AMD) of Arvind Limited focuses on advanced materials and caters to customer needs across the textile value chain, including specialty yarns, fabrics, and ready-made products.
Merger for bail-out from debt obligation
Ind Swift Limited (herein after also referred to as 'ISL' or 'Transferor Company') is engaged in the business of manufacturing of Pharmaceutical Products.
Batliboi Ltd. merging its associate company
Batliboi Limited has a history of collaborations with various foreign technical partners and has subsidiaries like Hydraulic & General Engineers Ltd. and Batliboi International Ltd. In March 2024, the board of Directors of Batliboi Limited accorded their approval for the merger of promoter owned private company with itself.