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This is an archive article published on July 22, 2010

SKIL to acquire 20% stake in Everonn

SKIL Infrastructure today made an open offer to acquire an additional...

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SKIL Infrastructure today made an open offer to acquire an additional 20 per cent stake in Everonn Education at Rs 536.16 a share.

SKIL Infrastructure will acquire 3.9 lakh shares,representing 20 per cent stake in the Chennai-based education services provider,at Rs 536.16 a piece,aggregating to over Rs 211 crore,Everonn Education said in a public announcement.

The public offer will open on September 9 and closes on September 28.

SKIL Infrastructure had entered into an agreement to acquire 40 lakh convertible debentures,which when converted,will represent 20.28 per cent stake in Everonn Education.

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