CL Educate Liquidates Land Parcels For Rs 100Mn
Step among the others in the offing to maximize shareholder value, proceeding to invest back in business.
CL Educate Ltd., (NSE, BSE: CLEDUCATE), listed EdTech and MarTech entity, and owner of Career Launcher - the popular TestPrep brand, announced the sale of 2 land parcels in Faridabad and Amritsar. The land parcel sale is part of a larger strategic decision by the company to convert its real estate bank (valued at Rs. 65-70 crore) into cash for redeployment in its core business. This stems from a broader strategic push to egress asset-heavy businesses, having already exited its K-12 business.
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