DMC Education has entered into a Debenture Subscription Agreement with DB Corp for issue and allotment of, One Zero Percentage Fully Convertible Debentures of the company having a par value of Rs 2,67,00,000, compulsorily convertible into equity shares with a face value of Rs 5 each at the end of 1 year from the date of allotment amounting to Rs 2.67 crore, subject to necessary statutory approval.
The company plans to spend the subscription amount for advertisement and brand building of the company.
Recently, DMC Education’s board has decided to acquire leading Kolkata based education management consultancy firm Plansteps for a total consideration of Rs 4.5 crore. The acquisition of Plansteps by DMC Education is by far one of the biggest acquisitions in the field of education consulting in India.
| Company Name | CMP |
|---|---|
| Physicswallah | 108.56 |
| CL Educate | 46.25 |
| Zee Learn | 5.20 |
| Jaro Inst. of Tech&R | 418.80 |
| Crizac | 210.15 |
| View more.. | |
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