S Chand and Company’s wholly owned subsidiary -- New Saraswati House (India) (NSHIPL) has executed a Framework Agreement, Share Purchase Agreement (SPA) and other definitive documents for the acquisition of 100% ownership in CPD Singapore Education Services Pte. (CPD Singapore). The acquisition is structured to be completed in two tranches for a value of SGD 1,500,000, subject to the terms and conditions as set out in the aforesaid agreements and documents.
The objective of the company is to exposure to international curriculum, which is a gap in the S Chand Group portfolio, and to increase its exposure to International Markets in Middle East, South Asia and SAARC. Upon completion of the transaction, CPD Singapore will become a wholly owned subsidiary of NSHIPL and, consequently, a step - down subsidiary of the company.
S Chand and Company is principally engaged in publishing educational books with products ranging from school books, higher academic books, competition and reference books, technical and professional books, and children's books.
| Company Name | CMP |
|---|---|
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| Navneet Education | 157.80 |
| Jagran Prakashan | 67.00 |
| HT Media | 23.96 |
| Hindustan Media Vent | 68.84 |
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