Tree House Education & Accessories Update by Epic Research
The market is marginally higher with the Nifty hovering around
8650. The 50-share index is up 6.60 points at 8649.15 and the Sensex is
up 51.46 points or 0.2 percent at 28116.07, and the Nifty. About 1349
shares have advanced, 806 shares declined, and 129 shares are unchanged.
Hero MotoCorp, Coal India, Tata Steel, Bajaj Auto, Axis Bank are
top gainers while TCS, Infosys, GAIL, Asian Paints and L&T are
losers in the Sensex.
Both Tree House Education and Zee Learn are up 18-19 percent. Tree
House Education board has finally approved its revised merger deal with
Zee Learn. The deal had hit a road block after Zee Learn had started
‘re-evaluating its merger with Tree House’. As per the new merger
scheme, shareholders of Tree House will get shares in Zee Learn in ratio
of 1:1. In a statement to the exchanges, Tree House said that the
merger evaluation committee, formed in June by the companies, has
approved of the new share swap ratio.
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