India: MPS to acquire Tata's e-learning solutions unit for up to $12m

India: MPS to acquire Tata's e-learning solutions unit for up to $12m

Signage for Tata Communications Ltd. is displayed atop of the company's headquarters in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

Publishing services company MPS Ltd, formerly known as Macmillan Publishing, on Wednesday announced that it is acquiring Tata Interactive Systems, the e-learning solutions unit of Tata Industries Ltd, for a consideration of up to Rs 80 crore ($12 million).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter