Tree House Education & Accessories (Tree House), a leading educational service provider operating the largest number of branded self-operated pre-schools in India, has signed a Memorandum of Understanding (MOU) for sale of its land and building located at Vadodara in state of Gujarat for Rs 52.50 crore.
The particular property being considered for sale under this MOU is located at Revenue Survey 49 CTS No 792Atladara, Vadodara, Gujarat and represents the second K-12 school land and building premises fully owned by the company. The company plans to monetize its physical assets while continuing to provide educational services to these institutions.
Tree House commenced the business of providing educational services to K-12 schools in 2008 and currently has a portfolio of 24 large format K-12 schools apart from over 500 pre-schools across the country.
Tree House Education & Accessories is currently trading at Rs. 500.00, up by 21.60 points or 4.52 % from its previous closing of Rs. 478.40 on the BSE.
The particular property being considered for sale under this MOU is located at Revenue Survey 49 CTS No 792Atladara, Vadodara, Gujarat and represents the second K-12 school land and building premises fully owned by the company. The company plans to monetize its physical assets while continuing to provide educational services to these institutions.
Tree House commenced the business of providing educational services to K-12 schools in 2008 and currently has a portfolio of 24 large format K-12 schools apart from over 500 pre-schools across the country.
Tree House Education & Accessories is currently trading at Rs. 500.00, up by 21.60 points or 4.52 % from its previous closing of Rs. 478.40 on the BSE.
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