Announced Fri, 10 Jul · 22:14 IST
NCLT approves DEXIT preference share capital reduction worth Rs 203 cr
Regulatory & Legal View source PDF
CLEDUCATE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹59.34
prior close
₹60.54
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.0—-1.1-1.6-0.6-2.3-1.9-2.2-2.3-0.6————
Up moveDown movePending
AI summary
CL Educate's subsidiary DEXIT Global (formerly NSEIT) got NCLT approval for reduction of preference share capital. NCLT Mumbai order dated July 9, 2026 approves cutting up to 2.03 crore preference shares at Rs 100 face value. CL Educate will receive up to Rs 203 crores as preference shareholder. Funds will pay deferred consideration to NSEIL for past purchase of redeemable preference shares. DEXIT remains a 100% subsidiary.
Likely market impact
Positive for CL Educate as it will receive up to Rs 203 crores from subsidiary, to be used for paying NSEIL deferred dues.