MoneyWorks4Me

IPRO Funds divests entire stake in CORE Education & Technologies

05 Oct 2013 Evaluate

IPRO Funds has sold its entire shareholding of 1.52% or 1,740,815 equity shares held by it in CORE Education & Technologies through block deal on October 04, 2013. The fund has sold its stake for more than Rs 3.4 crore at Rs 19.60 a piece on Bombay Stock Exchange (BSE).

On the other hand, Asia Investment Corporation (Mauritius) has increased its stake in the education company by buying those shares. As of June 2013, its stake in the company was 1.64% which increased to 3.16% after the block deal.

CORE Education & Technologies operate in three segments; Education, Enterprise Resource Planning (ERP) and consulting and logistics.

Peers
Company Name CMP
TCS 2079.30
Infosys 1035.00
HCL Technologies 1246.00
Wipro 159.50
Tech Mahindra 1539.00
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