Career Point was incorporated to impart quality education to students preparing for various competitive examinations. The Company has diversified business operations with multiple product offerings including Test Preparation, Schools (Pre-schools and K12), Technical Campuses, and Private Universities in multiple geographies.
Franklin Templeton Asset Management which brought its shareholding down to 137,618 shares or 0.76% as highlighted in our earlier post, sold 175,000 shares or 0.96% thereby removing the stock from its PMS account.
This stake was purchased by Fidelity Global Equities Fund which already held 1106300 shares or 6.10% through Fidelity Fund- Asian Smaller Companies Pool (FII) and Fidelity Asian Values Plc (FII) has now purchased part stake of the above sale i.e. 170,891 shares or 0.94%.
With this purchase its stake is now increased to 1,277,191 shares or 7.04%. Other Big investors in the company include Akash Bhanshali aka Big Whale.
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