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S Chand and Company informs about stake sale in investee company

01 Dec 2022 Evaluate
S Chand and Company has informed that the Board of Directors of the Company at its meeting held on November 30, 2022 approved to sale the entire stake (i.e., 6.05% on fully diluted basis) held by the Company together with its wholly owned subsidiaries namely, Vikas Publishing House and Chhaya Prakashani in iNeuron Intelligence ('iNeuron'). The Company has entered into a non-binding term sheet with a prospective buyer for selling this entire stake.

The above information is a part of company’s filings submitted to BSE.
Peers
Company Name CMP
D.B. Corp 147.10
Jagran Prakashan 64.12
HT Media 23.03
Navneet Education 130.55
S Chand And Company 133.05
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