Everonn Education gains 8% on buyout of Centum Learning

NEW DELHI: Everonn Education Ltd surged over 8 per cent on Thursday after the company struck a deal with Bharti group company, Centum Learning.

Bharti group declined to reveal the deal size or their stake in the combined entity.

At 09:45 a.m., Everonn Education was trading 6 per cent higher at Rs 179.35. It has hit a high of Rs 183.55 and a low of Rs 170.8.

"The deal is part of the Bharti group's plans to exit non-core businesses," ET reported."This transaction is in line with our stated objective of focusing our energies on our core businesses," Centum chairman Rakesh Bharti Mittal said

Everonn Education is in the business of providing end-to-end training programmes and skill development solutions and the deal would help the company to expand its reach in the Indian training space.