Navneet Education updates on change in shareholding of Genext

Navneet Tech Ventures Private Limited (NTVPL) has sold 5,12,528 equity shares and 22,71,805 Class A equity shares aggregating to 51.80% of paid up share capital held in Genext Students Private Limited(Genext) to eSense Learning Private Limited (eSense) and accordingly Genext cease to be subsidiary of NTVPL.

eSense, Company's another wholly owned subsidiary has acquired 5,12,528 equity shares and 22,71,805 Class A equity shares aggregating to 51.80 % of paid up share capital of Genext from NTVPL and accordingly Genext has become subsidiary company of eSense.

Genext would continue to be step down subsidiary of the Company as eSense is holding 51.80% of the paid up share capital of Genext.

Genext is an education technology company and engaged in the business of Ed-tech solution offering LIVE Online Classes for students of grades 5-12.

Shares of Navneet Education Limited was last trading in BSE at Rs. 93.80 as compared to the previous close of Rs. 89.45. The total number of shares traded during the day was 59769 in over 980 trades.

The stock hit an intraday high of Rs. 94.45 and intraday low of 90.50. The net turnover during the day was Rs. 5552252.00.

Source : Equity Bulls

Keywords

NavneetEducation INE060A01024 eSense Genext