Listed publishing company S Chand and Co. Ltd on Thursday announced plans to buy a controlling 51% stake in Chetana Publications Pvt. Ltd to expand its base in the school education space. S Chand said its board has approved an investment of ₹ 58.5 crore to acquire the 51% “partnership interest” in an all-cash deal. “This investment is in line with the inorganic growth strategy of S Chand to expand its share in the K-12 content publishing market,” said the company. — Mint

J Sagar Associates advised S Chand and Company Limited led by a team of partners Manvinder Singh and Ronak Ajmera, senior associate Abhishek Kumar Singh.

Also advising was Goldmount Advisors.

2018-08-09

Deal value: USD 8.5 million

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