Announced Mon, 15 Jun · 14:20 IST
Crizac invests ~Rs 1.25 Cr in Edument Consultancy for 37.41% stake
CRIZAC · price
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Price reaction · full curve 14 horizons · vs prior close
+3.7%1-day move
₹207.30
prior close
₹218.00
base price
In-mkt
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AI summary
Crizac Limited will invest ~Rs 1.25 crore in Edument Consultancy Pvt Ltd, an EdTech B2B SaaS platform serving study abroad counselors, by acquiring CCPS and CCD from existing investors. Post-conversion, Crizac will hold 37.41% of Edument's fully diluted equity. The target reported Rs 1.13 crore turnover and Rs 72 lakh net loss in FY25, with 700+ counseling and 200+ university partners. All-cash deal in tranches, expected by August 12, 2026. Not a related party transaction.
Likely market impact
Small minority strategic investment in a loss-making EdTech firm; deal size is modest (~Rs 1.25 Cr) so limited immediate financial impact.