SAT Industries Ltd increases stake in Genext Students Pvt Ltd to 30.09%

SAT Industries Ltd has further acquired 1,41,849 equity shares in Genext Students Private Limited aggregate amount of Investment of Rs. 15,52,045/- being 3.96% of the paid-up capital of the Company.

Genext Students Private Limited is engaged in the business of Ed-tech solution offering LIVE Online Classes for students of grades 5-12.

The Authorised Share Capital of Rs.5,73,00,000/- divided into 24,60,000 Ordinary Equity Shares of Rs. 10/- each and 32,70,000 Class A Equity Shares of Rs. 10/- each. The paid-up share capital of Rs. 3,58,33,200/- divided into 21,76,530 Ordinary Equity shares of Rs. 10/- each and 14,06,790 Class A Equity shares of Rs. 10/- each.

With this acquisition, the present holding / control will be increased from 26.13% to 30.09%.

Shares of SAT INDUSTRIES LTD. was last trading in BSE at Rs.27.75 as compared to the previous close of Rs. 26.8. The total number of shares traded during the day was 308746 in over 188 trades.

The stock hit an intraday high of Rs. 28.3 and intraday low of 26.4. The net turnover during the day was Rs. 8443853.

Source : Equity Bulls

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