Muted start to Everonn Education open offer

Muted start to Everonn Education open offer
Comment E-mail Print Share
First Published: Mon, Dec 12 2011. 03 15 PM IST

A file photo of P. Kishore, former MD, Everonn Education
A file photo of P. Kishore, former MD, Everonn Education
Updated: Mon, Dec 12 2011. 03 15 PM IST
Chennai: Dubai-based Varkey Group’s open offer for a 20% stake in troubled Everonn Education Ltd at Rs 528 per share started on Monday and will close on 31 December.
A file photo of P. Kishore, former MD, Everonn Education
The Everonn scrip was trading at Rs 352, down 0.1%, at 2.30 pm on the Bombay Stock Exchange, while the benchmark Sensex shed 1.3% to 16,016.83 points.
The Central Bureau of Investigation (CBI) in August arrested Everonn co-founder and managing director P. Kishore for allegedly bribing a a tax official. On 19 September, the company said it has sold a 12% stake to Dubai-based Varkey Group’s GEMS Education for Rs 138.23 crore.
Comment E-mail Print Share
First Published: Mon, Dec 12 2011. 03 15 PM IST