Multibagger Stock Announces 212:100 Share Swap Deal; Here’s What Shareholders Should Know

The proposed Scheme of Arrangement between Shanti Educational Initiatives Limited (SEIL), Shanti Learning Initiatives Private Limited (SLIPL), GREW Energy Private Limited (GEPL), and their respective shareholders and creditors was approved by the Boards of Directors of GREW Energy Private Limited and Shanti Educational Initiatives Limited during their meeting on Monday.

The scheme offers, among other things, a slump sale of the business venture from SEIL to SLIPL in consideration of SLIPL issuing shares to SEIL, as determined by an independent valuation, and a second step, amalgamation of SEIL with the company in consideration of GEPL issuing shares to SEIL shareholders, as determined by an independent share exchange valuation.

"The Board also approved the share exchange ratio for the proposed merger. The ratio was approved based on the comprehensive valuation exercise carried out and recommended by two independent registered valuers, M/s Finvox Analytics and A N Gawade. As per the valuation, the shareholders of SEIL will get 100 fully paid equity shares of face value of Rs 1 per share in GEPL for every 212 fully paid equity shares of face value of Rs 1 each held by them in SEIL," Shanti Educational Initiatives said in a statement.

Ernst and Young (EY) & P. Murali Consultants Private Limited has been hired as the transaction advisors to the proposed share swap deal.

Vinay Thadani, CEO & Director, GREW Energy Private Limited, said, "This proposed merger marks a significant milestone in our broader group restructuring initiative. It is a strategic step towards reorganizing, consolidating and streamlining the corporate structure, resulting in greater operational efficiency and implementing smoother and more effective controls and processes. As we continue to scale our integrated solar manufacturing capacities and advance our plans to expand into global markets, this merger strengthens our foundation and positions us to deliver sustainable, long-term growth. The proposed merger is not merely a structural consolidation, but a strategic realignment designed to accelerate value creation. The listing of the company will provide enhanced transparency, institutional credibility, and a robust foundation for sustainable expansion."

"The proposed merger brings together the strengths of both entities and creates a stronger and more efficient structure. We are confident that this will enhance shareholder value and provide SEIL shareholders the benefit of participating in GREW Energy's growth journey as it scales its business." Mr. Vishal Chiripal, Managing Director, Shanti Educational Initiatives Limited (SEIL).

At the close of trading on March 2, 2026, the share price of Shanti Educational Initiatives Ltd. (SEIL) was Rs 198.95. During the day, the stock climbed 0.05% from its previous closing price of Rs 198.85. The price fluctuated between an intraday low of Rs 166.15 and a high of Rs 203.00 over the day. The firm is a small-cap in the education industry with a market capitalization of Rs 3,203 crore. The board adopted a restructuring strategy on March 2, 2026, which included selling its education division to a subsidiary for Rs 94.16 crore and merging with solar PV producer Grew Energy Private Ltd.

Shanti Educational Initiatives Ltd. (SEIL) has produced enormous multibagger returns of over 1,321% over the past five years. With a three-year return of over 223%, the stock's medium-term performance has continued to be robust. SEIL has gained more than 150% over the past 12 months, outperforming benchmark indices like the Nifty 50. The price has risen by 35% in the past month alone, indicating exceptionally strong short-term strength.