The company made this announcement during trading hours today, 11 June 2012.

Meanwhile, the BSE Sensex was up 87.85 points or 0.53% to 16,806.72.

On BSE, 12,000 shares were traded in the counter as against average daily volume of 76,694 shares in the past one quarter.

The stock hit a high of Rs 318.65 and a low of Rs 311 so far during the day. The stock had hit a 52-week high of Rs 324 on 7 May 2012. The stock had hit a 52-week low of Rs 245.20 on 29 December 2011.

The mid-cap stock had outperformed the market over the past one month till 8 June 2012, rising 4.31% compared with the Sensex's 1.04% rise. The stock had also outperformed the market in past one quarter, surging 11.69% as against Sensex's 2.49% decline.

The company has an equity capital of Rs 22.54 crore. Face value per share is Rs 2.

The CORE Education & Technologies stock had rallied 8.87% in four trading sessions to settle at Rs 314.70 on Friday, 8 June 2012, from a recent low of Rs 289.05 on 4 June 2012.

CORE Education & Technologies said its wholly-owned subsidiary, CORE Education & Consulting Solutions FZ LLC, has entered into a joint venture (JV) agreement with Mackeen Holding, a quasi-government business group with diversified interests in Qatar, for developing world-class education environment in Qatar. The JV will allow Mackeen and CORE align their educational products and solutions offerings to Qatar's National Vision 2030 where education is a major focus, CORE Education said. Currently, the Qatar government spends an estimated $5.2 billion annually on education alone, the company added.

As per the terms of the JV, Mackeen will own 51% while rest will be owned by CORE. CORE and Mackeen will also design, conceptualize and implement CORE Thinking Schools across the country, further transforming the educational system of Qatar, while introducing global best practices in education project implementation, evaluation and monitoring, CORE Education said.

Commenting on JV agreement with Mackeen Holding, Mr Sanjeev Mansotra, Chairman & Global CEO, CORE Education & Technologies said, This is a momentous occasion for CORE. We saw convergence in our vision of bringing the best of technology-enabled education systems to Qatar and are excited about this opportunity to partner with Mackeen Holding. Mackeen's expertise in executing large-scale government developmental projects across sectors in Middle East and Europe coupled with our world-class solutions for schools, higher education & employability education will be the cornerstone of success for this JV. CORE is already in dialogues with other prestigious companies in this region to jointly address the education needs and will also consider exploring opportunities outside Qatar, in Saudi Arabia, Kuwait etc. with Mackeen.

Commenting on the JV, Mr Ali AlHashemi, CEO, Mackeen said, We are delighted to partner with one of the world's largest education companies, CORE Education & Technologies, in our endeavour to bring Qatar education system on par with the best in the world. Mackeen Holding has an excellent track record of having implemented some of the region's landmark projects in infrastructure, real estate, technology and health care for several governments and looks to replicate the success in the education sector as well along with CORE. Their innovative, next generation teaching & learning solutions will go a long way in attaining the objectives set in Qatar National Vision 2030.

Mackeen Holding has diversified interests in sectors such as real estate, healthcare and trading and is supervised by the Ministry of Commerce and Business, Qatar. The company has presence in MENA region and other countries in Europe.

CORE Education & Technologies' consolidated net profit rose 12.7% to Rs 79.23 crore on 61.9% growth in net sales to Rs 481.89 crore in Q4 March 2012 over Q4 March 2011.

CORE Education and Technologies is an education company, with global headquarters in Atlanta, US and corporate headquarters in Mumbai. The company has formed long-term associations with the governments in the US, the UK, and India, amongst many others. Its operations cover pan India, 46 states in US, 40 plus countries in the UK, 9 countries in MEAN and 2 Caribbean countries. CORE'S world-class offerings are spread across the entire continuum of education -- K-12, skill development and higher education.