May 27, 2022 - Nov 6, 2022

CL Educate Limited Buyback (CL Educate Buyback) Detail

CL Educate Limited engages in the business of providing educational products and services. The company has four verticals: Consumer Test Preparation, Consumer Publishing, Enterprise Corporate and Enterprise Institutional. CL Educate Limited offers services such as research incubation and support services to educational institutions, competitive test-preparation market (MBA, Law, Banking, Staff Selection Commission (SSC) along with courses for Engineering, Medical, Civil Services, Grade VIII-XII Tuitions, International Education (GRE/GMAT) as well as the rapidly growing non-test preparation courses (CFA, Data Science, etc.)

The company served more than 1 lakh paid customers for the fiscal year that ended March 31, 2021.

CL Educate Buyback Detail

Issue PeriodMay 27, 2022 - Nov 6, 2022
Security NameCL Educate Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹10.00 Crores
Buyback Price₹170 per share
Face Value₹5 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 21,616.38 19,190.57 32,398.03
Profit After Tax 1,379.06 -1,260.28 -5,480.91
Net Worth 26,163.49 24,710.89 25,920.40
Reserves and Surplus 24,746.92 23,294.32 24,503.83

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 170.3 118.1 147.4
Mar-2022 145.7 113 131.16
Feb-2022 137 98.55 112.83

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 170.25 118.5 144.33
Mar-2022 146 110 129.45
Feb-2022 137.95 98 116.31

Necessity of the Issue

The Buyback is being undertaken, inter-alia, for the following reasons:

1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.

2. The Buyback may help in improving return on equity,

CL Educate Buyback Documents

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Company Contact Information

CL Educate Limited
Plot No. 9A,
Sector - 27A, Mathura Road,
Faridabad, Haryana, 121003

Phone: +91-011-41281100

CL Educate Buyback Registrar

  1. KFin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000

CL Educate Buyback Manager

Lead Manager(s)

  1. V B Desai Financial Services Limited

Registered Broker

  1. Kunvarji Finstock Pvt. Ltd.

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