BackMuted start to Everonn Education open offer
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12 Dec 2011, 03:15 PM IST
Muted start to Everonn Education open offer
PremiumA file photo of P. Kishore, former MD, Everonn Education
Chennai: Dubai-based Varkey Group’s open offer for a 20% stake in troubled Everonn Education Ltd at ₹ 528 per share started on Monday and will close on 31 December.
A file photo of P. Kishore, former MD, Everonn Education
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 ₹ 138.23 crore.
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Published: 12 Dec 2011, 03:15 PM IST
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