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The latest announcement is out from CL Educate Ltd. ( (IN:CLEDUCATE) ).
CL Educate Limited, an organization involved in educational services, has completed the acquisition of NSEIT Limited, a wholly-owned subsidiary of NSE Investments Limited. This acquisition involved the transfer of all equity and preference shares, making CL Educate the 100% holding company of NSEIT Ltd. The transaction was valued at Rs. 231.25 Crores, funded through a combination of debt and internal accruals, with major lending support from Piramal Capital and Housing Finance Limited. This strategic move is expected to strengthen CL Educate’s market position and expand its digital examination business capabilities.
More about CL Educate Ltd.
YTD Price Performance: -17.97%
Average Trading Volume: 20,527
Current Market Cap: 4.62B INR
For detailed information about CLEDUCATE stock, go to TipRanks’ Stock Analysis page.