Announced Tue, 11 Aug · 15:36 IST
Acquires remaining 49% in OwnPrep, makes it wholly owned subsidiary
GLOBAL · price
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Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹100.11
prior close
₹81.60
base price
After-mkt
timing
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+15.2+18.1+17.4+18.6+2.9+4.9+7.9+9.1+8.1+5.9+15.5+26.9——
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AI summary
Global Education Limited acquired the remaining 49% stake in subsidiary OwnPrep Private Limited for about Rs. 49,010 in cash, making it a wholly owned subsidiary (99.99% direct plus 0.01% via nominee). The board also approved Q1 FY27 results: standalone revenue Rs. 1,378.19 lakh and net profit Rs. 438.97 lakh. Consolidated revenue was Rs. 1,421.52 lakh with net profit of Rs. 375.12 lakh. A revised Dividend Distribution Policy was approved too.
Likely market impact
Full ownership of OwnPrep simplifies governance and consolidates edtech subsidiary. Deal value is negligible, so no material financial impact.