FIIs & DIIs Increase Their Stake: Education Sector Stock-Shanti Education Initiatives and GREW Energy Approve Strategic Merger

On Monday, shares of Shanti Educational Initiatives Ltd jumped 0.05 per cent to Rs 198.95 per share from its previous closing of Rs 198.85 per share. The stock’s 52-week high is Rs 209.80 per share and its 52-week low is Rs 63.15 per share.

The Boards of Directors of GREW Energy Private Limited (GEPL) and Shanti Educational Initiatives Limited (SEIL) have approved a proposed Scheme of Arrangement for a strategic merger between the two entities.

The transaction will be executed in two primary steps. First, there will be a slump sale of the business undertaking from SEIL to Shanti Learning Initiatives Private Limited (SLIPL). This will be followed by the amalgamation of SEIL with GREW Energy, under which GEPL will issue shares to SEIL shareholders.

The Board has approved a share exchange ratio based on independent valuations conducted by M/s Finvox Analytics and A N Gawade. Under the approved ratio, shareholders of SEIL will receive 100 fully paid equity shares of GEPL (face value Rs 1 each) for every 212 fully paid equity shares (face value Rs 1 each) held in SEIL.

Vinay ThAdani, CEO and Director of GREW Energy, described the merger as a significant milestone as part of a broader group restructuring initiative aimed at streamlining the corporate structure and enhancing operational efficiency. A key outcome of the merger, subject to necessary regulatory and National Company Law Tribunal approvals, will be the listing of GREW Energy on recognised stock exchanges. This is expected to enhance institutional credibility and transparency.

GREW Energy, part of the Chiripal Group, is a fast-growing Solar photovoltaic manufacturer operating a 6.5 GW plant in Rajasthan and has plans to scale up capacity to 11.0 GW. The company is also establishing an 8.0 GW solar cell and ingot-wafer manufacturing facility in Madhya Pradesh.

SEIL operates in the education sector, offering strategic educational solutions from preschool to post-graduation, including the establishment and management of schools.

The transaction was advised by Ernst and Young (EY) and P. Murali Consultants Private Limited.

The company has a market capitalisation of over Rs 3,200 crore. The stock price has surged over 145 per cent in the last one year. In December 2025, FIIs and DIIs have increased their stake to 22.50 per cent and 0.16 per cent,s respectively, compared to September 2025.

Disclaimer: The article is for informational purposes only and not investment advice.