Board approves sale of up to 1.10 lakh NSE shares at minimum Rs 1,800 each
GLOBAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 2.0 pts more than its Education peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Global Education Limited's board approved selling up to 1,10,000 equity shares of National Stock Exchange of India (NSE) at not less than Rs 1,800 per share, potentially worth about Rs 19.8 crore. The transaction will be executed in phases during the current or next quarter, subject to regulatory approvals. The board also reviewed general business operations and expressed satisfaction.
Potential cash inflow of about Rs 19.8 crore from monetising NSE stake; positive for company liquidity.