Grew Energy and Shanti Education Boards Approve Proposed Merger, Share Exchange Ratio Set

Grew Energy Private Limited and Shanti Educational Initiatives Limited have approved a proposed Scheme of Arrangement. The scheme includes a slump sale of Shanti Educational Initiatives Limited's business undertaking to Shanti Learning Initiatives Private Limited, followed by the amalgamation of Shanti Educational Initiatives Limited with Grew Energy Private Limited. The share exchange ratio was approved based on a comprehensive valuation exercise by two independent registered valuers. The proposed merger is a strategic step towards reorganizing, consolidating, and streamlining the corporate structure, aiming to deliver sustainable, long-term growth.