A strong bet on better education standard with unmatched brand value | Navneet Education

Navneet Education is a market leader in the publications business with strong presence in paper stationery, globally. The stock rallied post the news of demerger of Navneet Futuretech Limited, the ed-tech business. Moreover, Navneet is getting ready for the next phase of growth after the infusion of equity capital by Kedaara Capital, who acquired a significant minority stake in the K-12 Techno Services from Sequoia Capital. Although, the deal value is not disclosed yet, a sharp upward revision is expected in the investment value. The company saw marked improvement in its core businesses in the June quarter, and the education reforms will provide thrust to revenues in the current fiscal.

Moneycontrol News

September 25, 2023 / 12:11 IST