Dubai-based GEMS Education Buys 12% Stake in Everonn Education via a preferential allotment of shares. Each share will cost GEMS 528, an over 40% premium to Tuesday's closing price. GEMS belongs to the Varkey Group, founded by Padmashri Award recipient and Dubai-based NRI entrepreneur Sunny Varkey.Varkey had been picking up Everonn stake in the open market, he had picked up a 1.32% stake for about Rs 17 crore Last week.
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