Shanti Educational Initiatives has received approval for investment in the equity shares of Uniformverse, up to an amount not exceeding Rs 1 crore, in one or more tranches.
The company has already made investment in the shares of Uniformverse and holds 50% of its paid-up share capital. Accordingly, Uniformverse is an Associate Company. Now, with a further investment, the company will acquire more than 50% of shares and hence, it will become Subsidiary Company of the Company. The Board of Directors of the company at their Meeting held on September 13, 2024 has, inter alia, approved the same.
The company is primarily engaged in the business of providing educational support services to preschools, K-12 and premium category preschools in India. Presently the company is operating under three business units Shanti Juniors, Shanti Asiatic School and Shanti’s Hopskotch.
