CL Educate's stock surged to Rs. 99.50, marking a rise of 4.65 points or 4.90% from its previous close of Rs. 94.85 on the BSE. 

The stock opened at Rs. 100.00, reaching a high of Rs. 103.60 and a low of Rs. 98.03 during the trading session, with 2,91,027 shares traded. Over the past week, the stock peaked at Rs. 103.60 and hit a low of Rs. 80.02. Currently, the company's market capitalization stands at Rs. 543.69 crore.

This BSE 'B' category stock, with a face value of Rs. 5, has seen a 52-week high of Rs. 113.95 on January 2, 2024, and a low of Rs. 63.00 on June 4, 2024. Promoters hold 53.52% of the company, while institutions and non-institutions hold 8.13% and 38.36%, respectively.

CL Educate has received the board's approval to acquire the Digital Examination Business (DEX) of NSEIT for an initial cash consideration of Rs. 230 crore. An additional Rs. 75 crore may be paid if certain business milestones are met. This acquisition excludes the technology business of NSEIT, which will be sold off beforehand. NSEIT is fully owned by NSE Investments and is a subsidiary of the National Stock Exchange of India (NSE).

The completion of the acquisition is subject to legal, accounting, and other required clearances and is expected to take 3 to 6 months. The Board of CL Educate approved the deal in a meeting on August 29, 2024.

CL Educate operates in the sectors of vocational training and education.