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MT Educare scales new high on the plans of acquiring 51% stake in Lakshya

26 Nov 2012 Evaluate

MT Educare is currently trading at Rs 131.40, up by 6.15 points or 4.91% from its previous closing of Rs 125.25 on the BSE.

The scrip opened at Rs 126.80 and has touched a new high of Rs 132.25 and low of Rs 122.40 respectively. So far 18,32,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 132.25 on 26-Nov-2012 and a 52 week low of Rs 75.00 on 7-Jun-2012.

Last one week high and low of the scrip stood at Rs 132.25 and Rs 101.50 respectively. The current market cap of the company is Rs 519 crore.

The promoters holding in the company stood at 42.88% while FIIs and DIIs held 7.43% and 8.22% respectively. Others held 41.47% stake in the company.

MT Educare has agreed to acquire 51% stake in Lakshya Forum for Competitions, a leading North India IIT, Engineering and Medical Entrance teaching institute. The total consideration will be paid by MT Educare over a period of next 3 years and is dependent on certain milestones to be achieved by Lakshya. The agreement gives an option to MT Educare to buy 100% stake in Lakshya up to June 30, 2018.

Lakshya was started by four young IITians with an aim to make 'Learning more Interesting'. Today, Lakshya has grown to become one of the leading test prep institutes of entire North India, currently catering to over 2500 students, with faculty strength of 40 teachers of which 20 are IITians and Doctors.

MT Educare is one of the leading education support and coaching services provider in School, Science and Commerce streams across in Maharashtra and has operations in other states like Tamil Nadu, Karnataka and Gujarat.

MT Educare Share Price

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