This launch spans 58 cities across Western and Southern India, including major hubs like Mumbai, Bangalore, Pune, Hyderabad, Chennai, Ahmedabad, Kochi, Vizag, Surat, and Mysore.
The deal is being executed as a slump sale for a lump sum consideration based on an enterprise value of €412.6 million, equivalent to approximately Rs 4,150 crore at current exchange rates.
The company recorded a 1.3 percent year-on-year rise in consolidated net profit, reaching Rs 58.52 crore for the quarter ended June 30, 2025, compared to Rs 57.77 crore in the same period last year.
Over the past year, the stock gained 1.10 percent. Year-to-date, it is down 2.60 percent. In the last six months, the stock declined 1.27 percent and fell significantly by 8.73 percent over three months. However, it gained 4.83 percent in the past month.
The concept is spearheaded by Shubh Sharma, an entrepreneur known for developing several hospitality ventures in the region, including Mayfair, Cafe Di Milano, Barcode, and Pokerface.
This collaboration aims to bridge the gap between academic learning and workplace skills by offering students the chance to “earn while they learn” in a live industry environment.