Career Point receives Rs 350 million towards assets sale transaction

Career Point Limited has received Rs 350 million in its wholly owned subsidiary Career Point Infra Limited from Career Point University, Kota towards assets sale transaction.

Mr. Pramod Maheshwari, Chairman and Managing Director - Career Point Ltd said, "It was very strategic and vigilant decision for the company to enter in annuity driven formal education segment. We are pleased with the update that our investments in formal education are being padi-off. At the same time, financing by the nationalized bank to the University indicates confidence in long-term prospects and financial steadiness of the University. This is a remarkable achievement for the four years old young university which has already set various performance benchmarks in the area of academics, placements, research and innovations."

Shares of CAREER POINT LTD. was last trading in BSE at Rs.117.2 as compared to the previous close of Rs. 116.75. The total number of shares traded during the day was 3408 in over 68 trades.

The stock hit an intraday high of Rs. 118.35 and intraday low of 117.2. The net turnover during the day was Rs. 401091.

Source : Equity Bulls

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