Shanti Educational Initiatives Shares Jump 6%; Check details Here
Shanti Educational Initiatives Ltd shares gained over 6% during Monday’s trading session after the company announced that its Board has approved a strategic merger with GREW Energy Private Limited (GEPL).
The stock opened at ₹204.45 on the BSE, compared to its previous close of ₹204.83, and climbed to an intraday high of ₹215.59, supported by positive investor sentiment following the announcement.
Board approves merger scheme
The Boards of Directors of GREW Energy Private Limited and Shanti Educational Initiatives Limited (SEIL) have approved a proposed Scheme of Arrangement to combine the two entities.
The transaction will be carried out in two stages. In the first phase, SEIL will transfer its business undertaking to Shanti Learning Initiatives Private Limited (SLIPL) through a slump sale. Following this, SEIL will be amalgamated with GREW Energy, under which GEPL will issue equity shares to the shareholders of SEIL.
Share swap ratio
The Board has also approved the share exchange ratio based on independent valuation reports prepared by Finvox Analytics and A N Gawade.
As per the approved swap ratio, shareholders of Shanti Educational Initiatives will receive 100 fully paid equity shares of GREW Energy (face value ₹1 each) for every 212 fully paid equity shares of SEIL (face value ₹1 each).
About the company
Shanti Educational Initiatives operates in the education sector and provides strategic educational solutions across multiple segments, ranging from preschool to post-graduation. The company is also engaged in the establishment and management of educational institutions.
The proposed transaction was advised by Ernst & Young (EY) and P. Murali Consultants Private Limited.
The announcement comes at a time when the stock has witnessed strong investor interest, with Monday’s rally reflecting optimism over the proposed restructuring and merger. The successful completion of the scheme will be subject to the necessary regulatory, shareholder, and statutory approvals.
