Navneet Education Subsidiary Divests Stake in K12 Techno Services for INR 329.68 Crores
Navneet Education Ltd.'s subsidiary, Navneet Learning LLP, has entered into an agreement for the divestment of its partial stake in K12 Techno Services Private Limited. The sale is set to Kenro Capital Education Affiliates II Pte Ltd and Kenro Capital Fund I, with an expected consideration amount of INR 329.68 crores.The agreement for the divestment was executed on July 17, 2026. Navneet Learning LLP is divesting its partial ownership stake in K12 Techno Services Private Limited to the specialized investment firm and fund.
The buyers are Kenro Capital Education Affiliates II Pte Ltd and Kenro Capital Fund I. These entities do not belong to the promoter group of Navneet Education Limited, and the transaction has been confirmed as non-related party business.
Kenro Capital is described as a specialist secondaries investment firm with an Assets Under Management (AUM) exceeding USD 100 million. The firm focuses on investment in growth stage companies across India and Southeast Asia, spanning consumer, financial services, healthcare, and technology sectors. Kenro Capital Fund I operates as a scheme of Kenro Capital Trust, which is a SEBI registered Category II Alternate Investment Fund.
The sale transaction is expected to be completed within approximately four weeks from the date of the agreement, subject to customary conditions.
Financial Context of Navneet Learning LLP
As part of the transaction details, information regarding Navneet Learning LLP's financial standing was disclosed for the period ended March 31, 2026.| Metric | Detail |
|---|---|
| Turnover/Revenue/Income | Nil |
| Net Worth (as of Mar 31, 2026) | INR 79.49 Crores |
| Net Worth Percentage | The net worth constitutes 3.89% of the consolidated net worth of Navneet Education Limited as per its last audited results. |
The transaction was noted to be outside a Scheme of Arrangement and is not categorized as a slump sale.
NAVNETEDUL Stock Price Movement
Shares of Navneet Education Limited slipped on Friday, concluding the session having shed 2.65% in value to settle at ₹145.63. The equity saw a total traded volume of 227,619 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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