Multibagger Stock Sees 1300% Return in Five Years, Set for Market Focus on Wednesday

Shanti Educational Initiatives Share Price to Remain in Focus on March 4

Key Highlights:

• Shanti Educational Initiatives Limited (SEIL)'s board approved a proposed scheme of arrangement with Shanti Learning Initiatives Private Limited (SLIPL) and GREW Energy Private Limited (GEPL).
• SEIL share price ended at ₹198.95 on Monday, up 0.50% despite a 1% market crash.

Scheme of Arrangement Details:

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• The scheme proposes a two-stage process: a slump sale of SEIL's business undertaking to SLIPL, followed by an amalgamation with GEPL.
• GEPL, a venture of the Chiripal Group, is a rapidly expanding solar PV manufacturer with a 6.5 GW PV module manufacturing facility in Rajasthan.
• GEPL will allot shares to SEIL's shareholders based on an independently determined share exchange ratio.
• The share exchange ratio is 100 fully paid equity shares of ₹1 each in GEPL for every 212 fully paid equity shares of ₹1 each held in SEIL.

Transaction Advisors and Valuation:

• Ernst & Young (EY) and P. Murali Consultants acted as transaction advisors to the proposed deal.
• The share exchange ratio was determined by two independent registered valuers, M/s Finvox Analytics and A N Gawade.

Shanti Educational Initiatives Share Price Trend:

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• The multibagger stock has delivered significant returns in both the short and long term, with gains of:
  • 12.40% in the past five sessions
  • 34.56% in a month
  • 75% in six months
  • 149.22% in a year
  • 1,321% in five years