2025-10-25 17:43:36
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Stock Report
Crizac Ltd UK enters into agreements to acquire controlling Stake in Studies Planet.com Limited
Posted On : 2025-10-24 18:05:27( TIMEZONE : IST )
Crizac Limited (NSE: CRIZAC, BSE: 544439), one of the leading education platform that offers international student recruitment solutions to higher education institutions in various countries, through its wholly-owned subsidiary Crizac LTD (UK) entered into definitive agreements to acquire controlling stake in STUDIES PLANET.COM LIMITED.
STUDIES PLANET.COM LIMITED (hereinafter referred to as "SPL"), a UK based company is a notable player for sourcing students from Latin American geographies. Led by Erika Iveth Rodriguez Sanchez, SPL focuses on the B2C segment with destination markets spread across UK, North America and Australia.
Strategic Significance
- Marks expansion into Latin America as a source market - a geography where Crizac has had limited presence.
- Marks our first venture into B2C market - we believe that coupled with our strong university network, the business can deliver rapid growth and expansion in margins.
- Will help Crizac offer better diversification in terms of source geographies.
Commenting on the performance, Dr. Vikash Agarwal Chairman and Managing Director, CRIZAC Limited said, "Signing this definitive agreement is an important milestone for Crizac Limited as this marks our first external acquisition outside India. We have known the management of SPL for a long time and believe that companies have significant synergies which should come into play over the next 12 months. In line with our long-term vision, the Company is actively exploring further opportunities to expand and diversify its business operations, both domestically and internationally, to strengthen our global footprint and create enhanced value for all stakeholders."
Equirus Capital acted as the exclusive financial advisor to Crizac Limited for this acquisition.
Shares of Crizac Limited was last trading in BSE at Rs. 323.20 as compared to the previous close of Rs. 319.90. The total number of shares traded during the day was 72782 in over 1327 trades.
The stock hit an intraday high of Rs. 326.75 and intraday low of 316.85. The net turnover during the day was Rs. 23407911.00.
