Zee Learn’s Global Depository Receipts (GDR) issue, for the value up to $20 Million, was closed for subscription by overseas investors on May 21, 2013. The GDR issue was fully subscribed and the Company will allot 56,17,977 GDRs at a price of $3.56 per GDR. Each GDR represents 10 underlying equity shares in the Company and the GDRs will be listed on the Luxembourg Stock Exchange. (LSE)
First International Group PLC lead managed the issue with Deutsche Bank Trust Company Americas as the Depositary. The Indian legal counsel to the issue was Rajani Associates and International legal counsel was Baker and Mckenzie.
Zee Learn is a leading player in Core Education and is set to ride on the increasing demand for quality education and development with the fastest growing chain of K-12 schools and India’s No 1 chain of pre-schools in its portfolio.
Company Name | CMP |
---|---|
CL Educate | 77.19 |
Zee Learn | 5.90 |
MT Educare | 3.20 |
Career Point | 428.95 |
VJTF Eduservices | 85.95 |
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