Board of Directors have inter-alia, considered and deliberated upon a proposal for the potential sale of the Company's 'Publishing and Sale of Educational Books' business segment, comprising ....
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The Board of Directors of Kuberan Global Edu Solutions Ltd met on 2nd March 2026 and considered a proposal to sell its 'Publishing and Sale of Educational Books' business segment, which makes up 100% of the company's turnover. The sale would be on a slump sale basis for a lump sum consideration, meaning the entire undertaking is transferred as a going concern rather than asset-by-asset. Negotiations with a prospective buyer are at an advanced stage, but no binding agreement has been signed yet. The Board has authorised management to finalise commercial terms, after which the proposal will go back to the Board and then to shareholders for approval.
Since the segment being sold represents 100% of the company's turnover, this is effectively a sale of the core operating business. Shareholders should watch for the final deal value and the buyer's identity, as these will determine whether the deal is value-accretive. The stock could see sharp swings on any updates, and shareholder approval will be required before the sale goes through.