CL Educate defers IPO plans

India Infoline News Service | Mumbai | April 21, 2015 12:47 IST

CL educate which had filed the DRHP in the month of September 2014 informed SEBI about the development and has requested to withdraw the DRHP.

CL Educate, a leading education services company spanning coaching, vocational training, publishing and K12 schools, announced the postponement of their plans to go public on account of strategic opportunities.
CL educate which had filed the DRHP in the month of September 2014 informed SEBI about the development and has requested to withdraw the DRHP.

Nikhil Mahajan, founding member and an Executive Director, CL Educate said "Our proposed acquisition will need infusion of private equity which will alter the capital structure.  We also intend to restructure and consolidate some of the subsidiaries before we re-file any updated DRHP with SEBI for IPO".
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.