Everonn's founder P Kishore has been released on bail today by Madras High Court on a personal bond of Rs 50,000.
Everonn Education today announced roping in Dubai based GEMS Education as a strategic investor in the company.
Everonn Education touched a 52-week low of Rs 227.80. At 09:25 hrs the share was quoting at Rs 259.30, up Rs 6.20, or 2.45%.
City-based education service provider Everonn Education said its Chairman Dr Jamshed J Irani has resigned and it has elevated whole-time Director Susha John as Chief Executive Officer in the wake of arrest of its Managing Director P Kishore by CBI in a bribery case.
At a time when the anti corruption movement is grabbing eyeballs, P Kishore, MD of Everonn has been arrested by the CBI on bribery charges. CNBC-TV18's Swathi Narayanan reports.
Embarking on a vision of training 15 million students in India by 2022, education services company Everonn would invest Rs 700 crore in the next three years to set up training centres in the country, a top company official said today.
Chennai-based learning solutions provider Everonn Education reported a consolidated net profit of Rs 68 crore in FY11 recording a year on year (YoY) growth of 49%. Its consolidated revenue stood at Rs 425 crore for FY11 as against Rs 294 crore for FY10, rise of 45% (YoY).
P Kishore, MD, Everonn Education Ltd, in an interview with CNBC-TV18’s Gautam Broker and Latha Venkatesh, spoke about the recent happenings in his company and the road ahead.
Everonn Education is showing a good upper move and a strong stock momentum. Their several businesses such as ViTELs and the school division, ICT has shown remarkable growth in revenues. Their subsidiaries have also shown a good performance.