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Everonn Education surges on getting nod for Debt Restructuring plan

21 Aug 2013 Evaluate

Everonn Education is currently trading at Rs 26.00, up by 0.40 points or 1.56% from its previous closing of Rs 25.60 on the BSE.

The scrip opened at Rs 25.55 and has touched a high and low of Rs 26.85 and Rs 25.55 respectively. So far 3247 shares were traded on the counter.

The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 183.55 on 23-Aug-2012 and a 52 week low of Rs 21.60 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs 27.50 and Rs 23.95 respectively. The current market cap of the company is Rs 55.99 crore.

The promoters holding in the company stood at 61.31% while Institutions and Non-Institutions held 2.88% and 35.81% respectively.

Everonn Education has received an approval for the Debt Restructuring plan through a scheme of arrangement with the creditors pursuant to the Companies Act 1956. The board of director at its meeting held on August 20, 2013 has approved for the same.

Everonn Education is engaged in the development and sale of educational products and services for both Schools and Colleges. In addition to this, the company also has a network of retail centres (both own and franchise) through which it provides training to the individuals and also facilitates various organizations to conduct tests.

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