Navneet Education is currently trading at Rs. 111.00, up by 0.60 points or 0.54% from its previous closing of Rs. 110.40 on the BSE.
The scrip opened at Rs. 110.00 and has touched a high and low of Rs. 111.00 and Rs. 109.15 respectively. So far 1,395 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 114.90 on 26-Oct-2016 and a 52 week low of Rs. 76.10 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 114.90 and Rs. 100.00 respectively. The current market cap of the company is Rs. 2,640.61 crore.
The promoters holding in the company stood at 61.80%, while Institutions and Non-Institutions held 21.96% and 16.24% respectively.
Navneet Education has reached an agreement to acquire Britannica’s Indian curriculum business. This strategic move will help expand Navneet’s range of curricular offerings in the Indian school market, nationally.
Britannica India’s Curriculum Division designs and develops educational products for the Indian region used by nearly 5 million students across India and Indian schools abroad. By partnering with Navneet, Britannica India’s curriculum business will expand its products range and further accelerate its growth.
Under the agreement, the current Britannica business unit will become an independent company within Navneet and will realize considerable synergies with Navneet’s larger Indian group. The company will market Britannica’s existing India-specific curriculum titles, such, ‘Know for Sure’ and ‘The English Channel’ as well as develop new titles under Britannica’s brand, editorial supervision and guidelines for 7 years.
| Company Name | CMP |
|---|---|
| D.B. Corp | 214.40 |
| Navneet Education | 157.80 |
| Jagran Prakashan | 67.00 |
| HT Media | 23.96 |
| Hindustan Media Vent | 68.84 |
| View more.. | |
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