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Navneet Education Limited ( (IN:NAVNETEDUL) ) has shared an announcement.
Navneet Education’s board has approved a composite scheme of arrangement to demerge the publishing business of its wholly owned subsidiary, Indiannica Learning Private Limited, into the parent company, alongside a reduction of Indiannica’s equity share capital, preference share capital and securities premium. The transaction, which involves transferring the subsidiary’s publishing operations, assets and liabilities as a going concern, is intended to consolidate Navneet’s publishing activities—particularly the CBSE and ICSE-focused portfolio—into a single entity, enhancing operational alignment within its core K–12 education segment; the scheme remains subject to requisite approvals, including that of the National Company Law Tribunal.
More about Navneet Education Limited
Navneet Education Limited is an Indian publisher focused on educational books and learning aids in the K–12 segment and beyond, catering to various educational boards including CBSE and ICSE. With a long-standing legacy in the education sector, the company has built a strong presence in school publishing and related learning materials across the country.
Average Trading Volume: 8,900
Technical Sentiment Signal: Strong Buy
Current Market Cap: 34.33B INR
See more insights into NAVNETEDUL stock on TipRanks’ Stock Analysis page.