Click it and Unblock the Notifications
Shares in Zee Learn and Tree House Education both surged 15 per cent each, after a revised merger deal between the two companies.
Tree House shares surged to Rs 36.70, up 15.77 per cent in trade, while Zee Learn was up 15.27 per cent at Rs 34.70.
In a release to the exchanges, Tree House Education said that the board has approved a revised scheme of amalgamation. According to the scheme the share swap ratio would be 10 shares of Zee Learn of the face value of Re 1 for every 10 shares of Tree House Education of the face value of Rs 10.
"Your company is trying to overcome the challenges in recent quarters by bringing in several cost control measures, along with closing down non profitable centres," Tree House Education said in the release.
"We believe your company will benefit from the merger as the synergies arising out of the amalgamation will play an important role in strengthening the business," the company added.
Tree House Education has seen its share price rapidly decline from levels of Rs 456 in August last year to the current levels of Rs 36.
The present rise in the share price is unlikely to make up for the heavy ground the shares have lost.
GoodReturns.in
More From GoodReturns
LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged
Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?
Gas Cylinder Booking Rules: 5 Things To Know For Your 14.2Kg, 19KG, 5KG, 10KG LPG Booking In April 2026
Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya
Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April
Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA
5 New Shares On One Soon: Anil Agarwal's Vedanta Demerger To Take Place in April, Says Report
Fresh Drop in Gold Rate Today; Silver Stable: Latest 22K, 24K, 18K Gold & Silver Prices in Delhi on 30 March
Govt Approves PDS Kerosene Distribution in 21 States for 60 Days, Sets 5,000 L Storage Limit Amid LPG Crisis
Hyderabad Gold Rates Today Crash By Rs 40,000 After 6 Days, Silver Rate Falls By Rs 10,000: 24K, 22K, 18k Gold
Gold Rate in India After 20% Slide from Record Highs; Will Gold Price Today Jump to Rs 1.50 Lakh on 30 March?
Sign in with Google