India's Zee Learn soars on report Byju's looking to buy majority stake

Zee Learn

06/01/2022 09:02

** Online learning platform Zee Learn  ZEEE.NS  up as much
as 20% at 19.60 rupees, highest since June 16
    ** Company's shares up for second straight session, posts
biggest intraday pct gain in more than 1-1/2 years
    ** Indian edtech giant Byju's is looking to buy a nearly 51%
stake in Zee Learn - report https://bit.ly/3eUegqO
    ** Deal talks at preliminary stage, stake buy could be
through a mix of preference shares and stakeholders selling
stake - report
    ** Byju's declined to comment; Zee Learn did not immediately
respond to a Reuters request for comment
    ** More than 69 mln Zee Learn shares change hands, 16.4x
30-day avg

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607))