Zee Learn has decided to explore issuance of Global Depository Receipt (GDR) for raising long term funds of up $30 million. The company for this purpose has also appointed requisite intermediaries. The company’s board of directors in their meeting held on January 30, 2012, decided the same.
Recently, the company had acquired approval for raising long term funds markets up to the value of $60 million by issuance of equity and / or equity linked instruments from domestic or international capital.
Zee Learn is a leading player in Core Education and is set to ride on the increasing demand for quality education and development with the fastest growing chain of K-12 schools and India’s No 1 chain of pre-schools in its portfolio.
