S Chand And Company Limited has informed the Exchange about Acquisition of 100% stake in CPD Singapore Education Services Pte. Limited by New Saraswati House (India) Private Limited, a Wholly Owned Material Subsidiary of the Company
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S Chand and Company Limited, through its wholly owned subsidiary New Saraswati House (India) Private Limited (NSHIPL), is acquiring 100% of CPD Singapore Education Services Pte. Limited, a Singapore-based publisher of International Curriculum (IB/IGCSE) school books, children's books, and flashcards. The total deal value is SGD 1,500,000 (about ₹9-10 crore), split into two tranches: SGD 535,000 for fresh share subscription and SGD 965,000 to buy out existing management shareholders. CPD Singapore reported turnover of SGD 891K in 2024, SGD 958K in 2023, and SGD 910K in 2022. The deal is expected to close by February 28, 2026, and is a cash transaction with no related party involvement. The acquisition gives S Chand exposure to the IB/IGCSE curriculum segment and international markets in the Middle East, South Asia, and SAARC region.
This is a small-ticket strategic acquisition that fills a gap in S Chand's portfolio by adding international curriculum publishing, but the financial impact is modest given the target's ~SGD 900K turnover. Shareholders may see it as a positive diversification step into international markets rather than a value-moving deal.