Crizac Limited to invest in Edument Consultancy Pvt Ltd

Crizac Limited has entered into definitive agreements to invest an aggregate amount of approximately Rs. 1,24,76,944/- (Rupees One Crore Twenty Four Lakhs Seventy Six Thousand Nine Hundred Forty Four Only) in Edument Consultancy Private Limited by way of acquisition of Compulsory Convertible Preference Shares ("CCPS") and Compulsorily Convertible Debentures ("CCD") from the existing investors, in one or more tranches, subject to terms and conditions contained in the definitive agreements.

The Company is engaged in building and operating an AI-powered B2B platform that enables study abroad counselors, coaching institutes, and university partners to manage student admissions, education loan sourcing, visa readiness, for students seeking higher education overseas. It provides technology products, workflow automation tools, and allied services through a SaaS-based e-platform, serving 700+ counseling partners and 200+ university partners across 5+ countries, and has facilitated access to global education opportunities for over 100,000 students across India.

Shares of Crizac Limited was last trading in BSE at Rs. 206.40 as compared to the previous close of Rs. 206.75. The total number of shares traded during the day was 11027 in over 274 trades.

The stock hit an intraday high of Rs. 211.45 and intraday low of 203.00. The net turnover during the day was Rs. 2277298.00.

Source : Equity Bulls

Keywords

INE0S4R01014 Crizac Internet Retail Investment EdumentConsultancy