Shanti Educational Initiatives jumps on acquiring 50% stake in Swastik Styles
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Shanti Educational Initiatives is currently trading at Rs. 63.02, up by 1.39 points or 2.26% from its previous closing of Rs. 61.63 on the BSE.
The scrip opened at Rs. 64.70 and has touched a high and low of Rs. 64.71 and Rs. 63.02 respectively. So far 877 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 116.00 on 22-Jul-2022 and a 52 week low of Rs. 50.02 on 14-Jun-2022.
Last one week high and low of the scrip stood at Rs. 64.71 and Rs. 50.59 respectively. The current market cap of the company is Rs. 1041.51 crore.
The promoters holding in the company stood at 64.33%, while Institutions and Non-Institutions held 18.40% and 17.27% respectively.
Shanti Educational Initiatives has acquired 50% stake in Swastik Styles, Partnership Firm on March 4, 2023. The cost of acquisition is Rs 37 lakh. Object of said acquisition is to expand the business of the company and considering the synergical benefits associated thereof. After acquisition, the company will be partner in that partnership firm.
Shanti Educational Initiatives is school management solutions provider and one of the fastest growing education company that plans, builds and manages educational institutions right from play school to grade 12.
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