Arihant Academy Limited — Important, 19-10-2024: Updates

Arihant Academy Limited's Board has approved an investment to acquire a 51% stake in Zen Education and Learning (ZEAL), an educational firm focusing on science coaching for IIT-JEE and NEET. This acquisition aims to enhance growth and operational synergies in the education sector. The total investment amounts to INR 8.67 crore, structured in two tranches, with completion expected by October 2025. No regulatory approvals are necessary for this transaction.