Announced Thu, 16 Apr · 17:16 IST

We pleased to inform you that the Company entered into a agreement with Algebra Bernays University to recruitment, marketing and facilitation of international students.

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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹21.60
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AI summary

Western Overseas Study Abroad Ltd has entered into a Student Recruitment Agreement with Algebra Bernays University, Croatia. The company is authorised to recruit, market, and facilitate admissions of international students in Chandigarh, selected cities in Haryana (Sonipat, Rohtak, Kurukshetra, Karnal, Ambala), and selected cities in Punjab (Amritsar, Jalandhar, Bathinda, Patiala). The agreement also includes collaboration on developing joint academic programmes. The deal is in the ordinary course of business and is not a related party transaction. Management expects this to strengthen the company's international presence and growth in the overseas education consultancy sector.

Likely market impact

Positive for shareholders as the partnership expands the company's geographic reach and service offerings in the education consultancy space, though no financial figures or revenue impact have been disclosed.