Skip to main content

Tree House Education allots 18.5 lakh equity shares to Aditya Birla Private Equity Sunrise Fund & ON Mauritius aggregating to Rs. 41.18 crore


The Board of Directors of Tree House Education and Accessories Limited (“Tree House”) at its meeting held on December 4, 2012, proposed to issue and allot 18.5 lakh equity shares of Rs. 10 each at a premium of Rs. 222.60 per equity share aggregating to Rs. 41.18 crore on preferential allotment basis to Aditya Birla Private Equity Sunrise Fund and ON Mauritius. The investors in the Company include an existing shareholder ON Mauritius (4.5 lakh equity shares aggregating to Rs. 10.01 crore) and Aditya Birla Trustee Co. Pvt. Ltd. (14 lakh equity shares aggregating to Rs. 31.16 crore) for and on behalf of Aditya Birla Private Equity – Sunrise Fund.

The Board of Directors of Tree House, inter alia, has considered, approved and recommended (for the approval of the Shareholders of the Company), an increase in the Authorised Share Capital of the Company from existing Authorised Share Capital of Rs. 35.50 crore to Rs. 40.50 crore divided into 4 crore equity shares of Rs. 10 each.  
Further, the board has also approved issuing 18 lakh warrants to promoters of the company, Rajesh Bhatia and Geeta Bhatia. Each warrant is convertible into one equity share of Rs 222.60 each, aggregating to Rs 40 crore, within 18 months from the date of allotment.


 Tree House also A board meeting in this regard is scheduled to be held on December 27, 2012.  

Antique Capital Markets Private Ltd. acted as an advisor to the Company for the transaction.

About Tree House Education and Accessories Limited
Treehouse Education and Accessories Limited (NSE code: TREEHOUSE; BSE code: 533540) runs quality preschools and also provides educational services to K-12 schools throughout the country. Treehouse has revolutionized the concept of pre-school pedagogy in India through the use of innovative teaching methods and child-focused personal care. For day to day updates on what’s happening at our centers, follow us on Facebook at www.facebook.com/treehouse.playgroup

For more updates and information on the Company, please log on towww.treehouseplaygroup.net

Comments

Post a Comment

Popular posts from this blog

CARE Ratings shares list at 25% premium on NSE

Credit Analysis and Research Limited (  CARE ) has listed at Rs 940, a 25% premium against its issue price of Rs 750 per share on the National Stock Exchange (NSE). The stock hit a high of Rs 955 and low of Rs 930 so far. A combined 1.41 million shares have changed hands on the counter in opening deals on the NSE and BSE. CARE, the second-largest credit rating agency in India, has raised Rs 540 crore by issuing 7.2 million shares through initial public offer (IPO). The company has fixed the issue price at higher price band at Rs 700-750 per share. The IPO attracted bids for 245.56 million shares against 7.2 million shares on offer, translating to 34.11 times subscription, according to information available in basis of allotment.   The category reserved for qualified institutional buyers (QIBs) was subscribed 43 times, while non-institutional investor’s portion received 110 times subscription. Shares reserved for retail investors got subscribed 6.11 tim...
Post a Comment
Read more

Tree House features as India’s Most Trusted Pre-School Brand

: Tree House Education & Accessories Limited (Tree House) , a leading educational service provider operating the largest number of branded self-operated pre-schools in India, today announced that it has been listed among the country’s most trusted educational institutes. In the first ever study conducted by TRA (formerly Trust Research Advisory), Tree House received the highest rank for any pre-school in India. Commenting on this, Mr. Rajesh Bhatia, Managing Director of Tree House, said “Over the last ten years, the Tree House team has focused on creating a high quality knowledge platform for Indian children, with the belief that education is one of life’s most important investments. It is our sincere endeavour to inspire and nurture young talent to grow and accomplish great things. This accolade of being India’s most trusted pre-school brand recognizes our commitment and accomplishments in the field of education.”  The report was based on findings from 7 million data...
Post a Comment
Read more

GJF launches monthly B2B magazine – ‘G&J Times’

Empowering members with latest Information on Gold & Jewellery trade The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, hosted an exciting 6 th edition of its signature GJF NITE 2014 amid gusto and glitter at Renaissance Hotel, Powai, Mumbai. The fun filled, entertaining and musical fashion extravaganza event, presented by R. M. Jewellery and powered by CVM, was attended by over 1500 members, industry dignitaries and foreign delegates, who used the platform to engage and network with the fellow industry people. Amid the applauding celebration, GJF announced the  launch of its monthly B2B magazine – ‘G&J Times’ on the domestic gems & jewellery business covering the latest trend, development and challenges in the industry.  The magazine was unveiled by Ms Rupa Dutta, Economic Advisor, Ministry Of Commerce, Government of Indi...
Post a Comment
Read more