CL Educate Liquidates Land Parcels For Rs 100Mn

CL Educate Ltd., (NSE, BSE: CLEDUCATE), listed EdTech and MarTech entity, and owner of Career Launcher - the popular TestPrep brand, announced the sale of 2 land parcels in Faridabad and Amritsar. The land parcel sale is part of a larger strategic decision by the company to convert its real estate bank (valued at Rs. 65-70 crore) into cash for redeployment in its core business. This stems from a broader strategic push to egress asset-heavy businesses, having already exited its K-12 business.