SCHAND

S Chand And Company Limited, through its wholly-owned subsidiary New Saraswati House (India) Private Limited (NSHIPL), is acquiring 100% ownership in CPD Singapore Education Services Pte. Limited for SGD 1,500,000 in two tranches—SGD 535,000 for fresh issuance of shares and SGD 965,000 for purchasing remaining equity shares from management shareholders. CPD Singapore, incorporated in 2015, specializes in education-support services, publishing International Curriculum (IB/IGCSE) school books, children's books, and flashcards, with operations in Singapore and a turnover of SGD 891,000 in 2024. The acquisition aims to expand S Chand Group's portfolio into international curriculum and markets in the Middle East, South Asia, and SAARC regions. The transaction is expected to be completed by February 28, 2026, with no regulatory approvals required.