Global publishing giant Macmillan Group is set to sell its Indian technology solutions and BPO firm MPS, said banking sources said. Macmillan holds 61% stake in MPS, which is listed on the domestic bourses.
The Bangalore-based MPS employs around 1,000 people and undertakes publishing services work for the UK-based parent as well as third party clients. Ernst & Young has been mandated to find a suitor for MPS.
via Macmillan to sell Indian BPO – The Times of India.