S Chand buys majority stake in Chhaya Prakashani

DMD Advocates represented Chhaya Prakashani and its promoters through a team led by Mr. Rashi Dhir, Senior Partner and Head of Corporate and Shivendra Singh, Senior Associate.

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S Chand And Company Limited, together with one of its subsidiaries has acquired majority stake in Chhaya Prakashani Private Limited from its promoters, Mr. Sumit Biswas and his affiliates. With the significant deal size, this is one of the largest deals to have been struck in the country’s education space recently. S Chand group is the oldest and the largest publishing and education service enterprise having footprints across the nation. Chhaya Prakashani is the largest publisher in terms of reach in eastern India.