Stock Report

S Chand And Company Limited to raise funds for its EdTech Platforms

Posted On : 2020-10-07 17:02:20( TIMEZONE : IST )

S Chand And Company Limited to raise funds for its EdTech Platforms

S Chand And Company Limited is looking to raise funds for its EdTech Platforms, which includes both school and student solutions from investors. For this purpose, the Company has retained LoEstro Advisors LLP, a Hyderabad based firm specializing in transaction advisory in the Education space.

LoEstro is a reputed advisory company in the Education space with a strong team of seasoned education sector specialists having multiple years of experience in the domain. LoEstro is a leading transaction advisory firm for executing and completing complex Fundraise and M&A transactions in the education space. Led and managed by a team with deep operating and financial experience in the education sector, LoEstro has been involved in some of the marquee transactions-including the partnership of Nord Anglia Education with Oakridge Schools (K-12 ), Sale of Oi Preschools to FirstCry (PreSchools), Fundraise for Univariety from InfoEdge (EdTech) etc.

S Chand And Company Limited is a leading education content company delivering content across the length and breadth of the country. We provide content, solutions, and services across the education lifecycle through our presence in three business segments - Early Learning, K-12 and Higher Education. We have a strong foothold in the CBSE/ICSE affiliated schools, with increasing presence in the state board affiliated schools across India. Our prestigious brands include some of the best-selling and popular print content, such as S Chand, Vikas, Madhubun, New Saraswati House, Chhaya Prakashani and EdTech brands are Learnflix, Mylestone, SmartK, Testcoach, Destination Success, myStudygear, Ignitor and Educate 360.

Shares of S Chand and Company Ltd was last trading in BSE at Rs.68.05 as compared to the previous close of Rs. 69.2. The total number of shares traded during the day was 2528 in over 36 trades.

The stock hit an intraday high of Rs. 72.5 and intraday low of 68. The net turnover during the day was Rs. 175590.

Source : Equity Bulls