Sodhani Academy of Fintech Enablers Subscribes to CCPS in Smart School Education Private Limited

Team Finance Saathi

22/Jan/2025

What's covered under the Article

Sodhani Academy of Fintech Enablers has invested Rs. 1 crore in Smart School Education by subscribing to CCPS.
The acquisition is a strategic move to explore business synergies and expand in the Ed-tech industry.
The deal is part of a private placement offer with completion scheduled for January 22, 2025.

Sodhani Academy of Fintech Enablers Limited (formerly Sodhani Financial Consultants Limited) has successfully subscribed to 48,615 Compulsorily Convertible Preference Shares (CCPS) in Smart School Education Private Limited as part of a private placement deal. The total amount invested is Rs. 1,00,00,106/-, marking a significant step in the company’s expansion plans. This acquisition has been made using the company's internal accruals and aims to further strengthen its position in the rapidly growing Ed-tech industry.

Smart School Education Private Limited is a prominent player in the phygital learning sector, offering an integrated product ecosystem for K-12 e-learning solutions. The company provides over 50,000 animated modules, 10,000 interactive games, and more than 2 million learning resources. The investment is expected to help Sodhani Academy of Fintech Enablers leverage synergies between their existing business and Smart School Education, while expanding their footprint in the Ed-tech space.

As per the details shared in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the deal is scheduled for completion on January 22, 2025, subject to the closure of the private placement offer. The acquisition does not fall within related party transactions, and the transaction is executed at arm's length.

The strategic nature of this acquisition aligns with Sodhani Academy's long-term goals to diversify its portfolio and explore new business avenues in the technology-driven education sector. The company’s investment in Smart School Education underscores its commitment to embracing innovative technologies for the future of learning.

For more Real-time Updates, Bookmark https://financesaathi.com

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.

Disclaimer

The information provided on this website is for educational and informational purposes only and should not be considered as financial advice, investment advice, or trading recommendations.

Trading in stocks, forex, commodities, cryptocurrencies, or any other financial instruments involves high risk and may not be suitable for all investors. Prices can fluctuate rapidly, and there is a possibility of losing part or all of your invested capital.

We do not guarantee any profits, returns, or outcomes from the use of our website, services, or tools. Past performance is not indicative of future results.

You are solely responsible for your investment and trading decisions. Before making any financial commitment, it is strongly recommended to consult with a qualified financial advisor or do your own research.

By accessing or using this website, you acknowledge that you have read, understood, and agree to this disclaimer. The website owners, partners, or affiliates shall not be held liable for any direct or indirect loss or damage arising from the use of information, tools, or services provided here.

Services

Sodhani Academy of Fintech Enablers Subscribes to CCPS in Smart School Education Private Limited

Related News

Disclaimer