Announced Sat, 18 Jul · 14:26 IST
Navneet Education subsidiary to sell K12 Techno stake for Rs 329.68 cr
Strategic Transactions View source PDF
NAVNETEDUL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹145.00
prior close
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base price
After-mkt
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AI summary
Navneet Education's subsidiary Navneet Learning LLP has agreed to sell its partial stake in K12 Techno Services to Kenro Capital entities for about Rs 329.68 crores. Agreement signed July 17, 2026, with completion expected in about 4 weeks. Buyers are Singapore-based Kenro Capital affiliates and a SEBI-registered Category II AIF. Deal is not a related party transaction. Navneet Learning LLP had nil turnover and net worth of Rs 79.49 cr (3.89% of consolidated).
Likely market impact
Subsidiary level divestment of minority stake, small relative to consolidated net worth. Likely neutral with modest cash inflow for the group.