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Everonn Education gains an 8% on buyout of Centum Learning
 

Everonn Education gains an 8% on buyout of Centum Learning

TestFunda ,  28-Aug-12
Everonn Education Ltd crossed over 8 per cent today after the company struck a deal with Bharti group company, Centum Learning.

Bharti group, however, refused to reveal the deal size or their stake in the combined entity.

At around 10.00 a.m this morning,  Everonn Education was trading 6 per cent higher at Rs 179.35. It hit a high of Rs 183.55 and a low of Rs 170.8.

"The deal is part of the Bharti group's plans to exit non-core businesses," Economic Times reported. 

“This transaction is in line with our stated objective of focusing our energies on our core businesses," Centum chairman Rakesh Bharti Mittal said.

Everonn Education provides end-to-end training programmes and skill development solutions and with this deal it would hope to help expand its reach in the Indian training space. 
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