Home
Consumer
Mid-term focus, overhang of listed peers weighing on stock: CL Educate’s Narayanan

Mid-term focus, overhang of listed peers weighing on stock: CL Educate’s Narayanan

22 Jun 2018

Premium

Mid-term focus, overhang of listed peers weighing on stock: CL Educate’s Narayanan

Satya Narayanan R, Chairman & Executive Director, CL Educate

CL Educate Ltd, best known for its test prep brand Career Launcher, has had a rough ride on the stock markets ever since its listing in March last year. Shares of the company backed by mid-market private equity firm Gaja Capital have slumped two-thirds from their initial public offering price. ......