CL Educate Limited — Important, 29-01-2025: General Updates

The company has completed the acquisition of 17,199 additional equity shares in Threesixtyone Degree Minds Consulting Private Limited (361DM), increasing its shareholding from 38.92% to 53.15%. This was achieved through a preferential issue where the company exchanged 7,350 shares from its subsidiary, ICE Gate Educational Institute Private Limited, valued at approximately ₹6.36 Crores (₹6.36 Cr). While the direct stake in Ice Gate has decreased to NIL, it remains an indirect subsidiary. This transaction underscores a strategic move to consolidate control over 361DM, enhancing its operational capabilities. Investors should note the potential for growth stemming from this increased investment in a high-potential subsidiary.