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MT Educare zooms on acquiring 100% stake in Labh Ventures

03 Sep 2018 Evaluate

MT Educare is currently trading at Rs. 57.35, up by 1.95 points or 3.52% from its previous closing of Rs. 55.40 on the BSE.

The scrip opened at Rs. 54.10 and has touched a high and low of Rs. 61.60 and Rs. 54.10 respectively. So far 17313 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.95 on 04-Dec-2017 and a 52 week low of Rs. 48.05 on 26-Jul-2018.

Last one week high and low of the scrip stood at Rs. 61.60 and Rs. 51.60 respectively. The current market cap of the company is Rs. 409.89 crore.

The promoters holding in the company stood at 83.22%, while Institutions and Non-Institutions held 0.26% and 16.52% respectively.

MT Educare has acquired 100% equity shares of Labh Ventures India by way of execution of share purchase agreement. Accordingly, Labh Ventures India shall become the wholly owned subsidiary of the company with effect from September 1, 2018. The main objective of the acquisition is for investment and business growth of the company. The cost of acquisition is Rs 16.28 crore.

MT Educare is an education service company providing education support and coaching services. The company operates through conducting commercial training, coaching, tutorial classes and activities incidental and ancillary segment. Its business segments include School Section, Science Section and Commerce Section/University etc.


MT Educare Share Price

1.40 0.00 (0.00%)
16-Apr-2026 16:59 View Price Chart
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