Announced Tue, 11 Aug · 15:38 IST
OwnPrep becomes wholly owned subsidiary of Global Education
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
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+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 board approved acquiring the remaining 49% stake in OwnPrep Private Limited for Rs 49,010 cash on Aug 11, making it a wholly owned subsidiary. OwnPrep is an ed-tech firm with FY25-26 revenue of Rs 9.66 lakh. Board also approved Q1 FY27 results: standalone revenue Rs 1,349.63 lakh, net profit Rs 438.97 lakh (EPS Rs 0.86). Consolidated revenue Rs 1,403.64 lakh, net profit Rs 375.12 lakh (EPS Rs 0.74).
Likely market impact
Tiny cash outlay but consolidates 100% control over OwnPrep subsidiary. Q1 results flat versus last year, broadly stable performance.