CL EDUCATE Share price

The Company was incorporated in New Delhi as ‘Career Launcher (India) Private Limited’ on April 25 1996 under the Companies Act 1956 with the RoC. Pursuant to a resolution of the shareholders dated April 25 2000 the Company was converted to a public limited company following which the name was changed to ‘Career Launcher (India) Limited’ and a fresh certificate of incorporation was issued by the RoC on June 17 2000. Pursuant to a resolution of the shareholders dated February 28 2011 the name was changed to ‘CL Educate Limited’ and a fresh certificate of incorporation was issued by the RoC on March 18 2011. the name was changed to enable the identification of the Company with the “CL” brand.Major Events :1996-Incorporation of the Company-Acquisition of all assets and liabilities of The Career Launcher2000-Acquisition of intellectual property of KITS-Acquisition of business of Professionals Online Private Limited2001-Acquisition of business and intellectual property of Compassbox.com Global Solutions Limited-Acquisition of business of Paragon Classes2004-Acquisition of business of LST-Acquisition of business and intellectual property of ARC-Acquisition of business of Lohana Test Series2006-Opening of the first Indus World School-Invested in Career Launcher USA Inc. which became a subsidiary of the Company2007-Equity investment by GPE (India) Limited and Gaja Trustee Company Private Limited (as trustee for Gaja Capital India Fund –I)2008-Entered into vocational training segment through acquisition of Kestone2011-Entered into publication business and content development through acquisition of GKP2012-Discontinuation of Indus World School of Business2013-Divested from Career Launcher USA Inc.2014-Equity investment by Housing Development Finance Corporation Limited-Increased the equity shareholding in CLEIS2015-Acquisition of 51% stake in Accendere-CLEIS became a wholly owned Subsidiary of the Company