Listed publishing company S Chand and Co. Ltd on Thursday announced plans to buy a controlling 51% stake in Chetana Publications Pvt. Ltd to expand its base in the school education space. S Chand said its board has approved an investment of Rs 58.5 crore to acquire the 51% “partnership interest” in an all-cash deal. “This investment is in line with the inorganic growth strategy of S Chand to expand its share in the K-12 content publishing market,” said the company.
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