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MPS has invested in the Right issue of MPS Interactive Systems and has been allotted Equity and Preference shares at par aggregating to Rs 43.99 crore.
Rs 21,99,00,000/- (2,19,90,000 Equity Shares of Rs10 /- each),
Rs 22,00,00,000/- (2,20,00,000 8% Non-Cumulative Redeemable Preference Shares of Rs 10/- each).
Post the allotment of shares, MPS Interactive Systems has now become Wholly-Owned Material Subsidiary of MPS.
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