Chennai-based, Macmillan India has decided to purchase the fulfillment business being currently carried on by its wholly owned subsidiary, MPS Technologies at an approx. value of Rs 35 million.

The transfer of the fulfillment business along with related personnel, assets and liabilities would be done on a slump sale basis.

Macmillan India, 61% owned by the Verlagsgruppe Georg Von Holtzbrinck group of Germany, is engaged in publishing, information processing and e-business. The company`s main markets are India, North America, the UK and Japan.

Shares of the company declined Rs 3.95, or 2.31%, to trade at Rs 167. The total volume of shares traded was 2005 at the BSE. (2.10 p.m., Wednesday).