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HT Media
BSE: 532662NSE: HTMEDIAISIN: INE501G01024

7th-Jan-2020 17:05Source: BSE

HT Media - Intimation Of Restructuring Of Business Of Wholly-Owned Subsidiary Company

This is in pursuance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.

We have to inform you that owing to changing consumer needs & preferences, and shift of our focus to technology driven services, HT Learning Centers Limited (HTLC), a wholly-owned subsidiary company, has decided to restructure its ''Studymate'' and ''Englishmate'' businesses. Accordingly, HTLC will not accept any new enrollments. HTLC shall, however, endeavour to honour the existing commitments for the current academic year i.e. 2019-2020, as per schedule.

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