Foreign investors showed interest at the share price of Rs 123
Business Business: Shares of Shanti Educational Initiatives Limited were in the headlines today, Thursday, September 5. The company’s shares rose more than 4% today to Rs 123. Foreign investors played a big role in this rise of the stock. In fact, Mauritius-based FII Albula Investment Fund Limited has acquired 2.93% stake in Shanti Educational Initiatives Limited. According to the company’s shareholding structure till June 2024, Albula Investment Fund Limited held 5.22% shares of this company before the acquisition. Albula Investment Fund currently holds 8.15% shares of the company after a new share deal yesterday. We can tell you that in just six months it has earned a significant return of 110%. The stock is up 90% this year. Shanti Educational Initiatives Ltd sold 9 lakh shares (0.56%) to Legends Global Opportunities (Singapore) Pte Ltd at Rs 120.85 per share, while New Leena Investments Ltd sold the same number of shares in August. Shareholder Structure As of June 2024, New Leena Investments Ltd holds 4.94% of the company’s shares. Shareholder Structure As of June 2024, New Leena Investments Ltd holds 4.94% of the company’s shares.
The core mission of Shanti Educational Initiatives is to provide educational services and programs. The company designs, builds and operates educational institutions from kindergarten to grade 12. It is a school management solutions provider and one of the fastest growing providers in the education sector. Shanti Educational Initiatives reported revenue growth of 16.47% to Rs 9.83 crore for the quarter ended June 2024. At the same time, profit declined by 1.28% to ₹3.09 crore from ₹3.13 crore in the previous quarter.
