S Chand and Company Ltd Acquires 100% Stake in CPD Singapore Education Services Pte. Limited for SGD 1,500,000

S Chand and Company Ltd, through its wholly owned subsidiary New Saraswati House (India) Private Limited, has agreed to acquire 100% ownership in CPD Singapore Education Services Pte. Limited for a total consideration of SGD 1,500,000. CPD Singapore is a Singapore-based provider of education-support services and publisher of International Curriculum (IB/IGCSE) school books. The acquisition is structured to be completed in two tranches. Upon completion, CPD Singapore will become a step-down subsidiary of S Chand and Company Ltd. The transaction does not fall under related party transactions and no promoter/promoter group/group companies have interest in this transaction.