CL Educate Limited Buyback 2023
CL Educate Ltd focuses on diverse segments of education, and caters to learners from multiple age-groups. Led by a team of highly qualified professionals, including IIT-IIM alumni, with a passion for excellence in education, CL Educate Ltd has shaped the lives and careers of innumerable students over the 25+ years of its existence.
In the past two decades, the CL brand has diversified; and has established itself as a recognized name in the education sector across a broad spectrum of segments, including test preparation and vocational training.
As of August 2021, we had 200 test-prep centres spread across 100 cities in India. As part of our global expansion, we also operate test-prep centers in the UAE.
CL Educate Ltd is committed to delivering quality education to all our students across each of the segments we are present in.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Offer Amount:||₹ 15 Cr|
|Date of Board Meeting approving the proposal:||Aug 02 2023|
|Date of Public Announcement:||Aug 02 2023|
|Buyback Offer Size:||2.90%|
|Buyback Number of Shares:||15,95,744|
|Price Type:||Open Market|
|Buyback Price:||₹ 94 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Cr)||Mar 2019||Mar 2020||Mar 2021||Mar 2022||Mar 2023|
|Other Income +||16||-27||10||9||6|
|Profit before tax||27||-54||-15||17||19|
|Net Profit +||20||-53||-13||14||23|
|EPS in Rs||3.52||-9.39||-2.2||2.46||4.09|
|Dividend Payout %||7%||0%||0%||0%||0%|