PNN DigitalPNN Digital
    Facebook Twitter Instagram
    Sunday, June 1
    Trending
    • Aayush Wellness’s FY25 Revenue Rockets 8,645%, Net Profit Soars 489%
    • Aristo Bio-Tech FY25 PAT Rises to Rs 4.06 Cr, Revenue Jumps 30 Percent to Rs 318.09 Cr
    • IFL Enterprises Ltd reports stellar turnaround in FY25; PAT up 348 Percent Y-o-Y to Rs. 3.04 crore in Q4FY25
    • Deliure Unveils Exclusive Tres Leches Cakes for Mumbai’s Dessert Lovers
    • WARF Invites Colleges to Join India’s Top 2025 Ranking Survey for Engineering, Medical, MBA and Law
    • Maximus International’s Momentum Continues: Strategic Investments Fuel 26 Percent EBITDA Growth
    • Profin Range of Aluminium Profiles by Hafele
    • Business Outline Announces the Business Elite Award | Recognising Exceptional Business Leaders and Companies
    Submit News
    Twitter LinkedIn Instagram
    PNN DigitalPNN Digital
    Subscribe
    • Home
    • News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • More
      • Sports
      • Health
      • Finance
      • Education
    PNN DigitalPNN Digital
    Home»Business

    Stampede Capital Ltd (SCAP DVR) receives in-principle approval to explore merger, acquisition for restructuring the business of WEXL Edu Private Limited

    PNN DigitalPNN Digital Business 4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Company had appointed PwC Business Consulting Services LLP in connection with the determination of equity value of WeXL Education Private Limited

    Mumbai (Maharashtra) [India], June 8: Stampede Capital Ltd (SCAP DVR) – Financial Consultancy firm has received in-principal approval to explore appropriate options including merger, acquisition, or other suitable options of arrangement for restructuring the business of WEXL Edu Private Limited in order to align with the long-term strategic objectives of the Company. Company had appointed PwC Business Consulting Services LLP in connection with the determination of equity value of WeXL Education Private Limited.

    WeXL is an online education company offering a digital platform to schools, colleges, institutes, coaching centers and other education companies/stakeholders. Company has currently onboarded 27,000 students through tie-ups/MOUs with 46 schools. Company further 154 schools in pipeline at various stages of discussion, with potential of ~90,300 total students. WeXL has developed a unique research-based program (Micro Learning Program), which guarantees improvement in performance of the users by 30%-50%. PwC in its report has estimated Equity Value of WeXL in the range of Rs. 91 crore to Rs. 101 crore as per Value Analysis.

    Highlights:-

    • PwC in its report has estimated Equity Value of WeXL in the range of Rs. 91 crore to Rs. 101 crore as per Value Analysis.
    • WeXL has currently onboarded 27,000 students through tie-ups/MOUs with 46 schools. It has further 154 schools in pipeline with potential of 90,300 total students.
    • Company has allotted 11.12 crore equity shares at face value of Rs. 1 per share with normal voting rights amounting Rs. 11.12 crore.
    • Company also completed allotment of 10.60 lakh equity shares of Rs. 1 face value with differential voting rights at Rs. 14 per share amounting Rs. 1.48 crore.
    • Company has changed its name from ‘Stampede Capital Ltd’ to ‘GACM Technologies Ltd’.

    Under this program the Company emphasizes on a three-layered daily revision approach i.e, through concept revision videos, summary notes and questionnaires. The program is focused on revision only; it does not require any modifications to existing teaching/delivery approach followed by the Partners.

    Moreover, it was further agreed to undertake necessary discussions with the management of WEXL Edu Private Limited in connection with restructuring the business of WEXL Edu Private Limited. Upon completion of the discussion on restructuring the business of WEXL Edu Private Limited, the approval of the Board of Directors of both the Companies shall be secured.

    In the month of May 2023, company has allotted equity shares on preferential basis with normal voting rights and differential voting rights. Company has allotted 11.12 crore equity shares at face value of Rs. 1 per share with normal voting rights amounting Rs. 11.12 crore. Company also completed allotment of 10.60 lakh equity shares of Rs. 1 face value with differential voting rights at Rs. 14 per share amounting Rs. 1.48 crore.

    Pursuant to this allotment the paid up equity share capital with normal voting rights of the company has increased from Rs. 22.90 crore (comprising of 22,90,11,200 Equity Shares of Re. 1/- each fully paid-up) to Rs. 34.02 crore (comprising of 34,02,87,057 Equity shares of Re. 1/- each fully paid-up). Subsequently equity share capital with differential voting rights of the company has increased from Rs. 5.80 crore (comprising of 5,80,48,788 DVR Shares of Re. 1/- each fully paid-up) to Rs. 5.91 crore (comprising of 5,91,09,227 DVR shares of Re. 1/- each fully paid-up).

    Company has changed its name from ‘Stampede Capital Ltd’ to ‘GACM Technologies Ltd’. The same has been approved by registrar of companies, Hyderabad and has issued a fresh certificate of incorporation dated 4 May 2023.

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

    PNN Digital
    • Website

    Keep Reading

    Aayush Wellness’s FY25 Revenue Rockets 8,645%, Net Profit Soars 489%

    Aristo Bio-Tech FY25 PAT Rises to Rs 4.06 Cr, Revenue Jumps 30 Percent to Rs 318.09 Cr

    IFL Enterprises Ltd reports stellar turnaround in FY25; PAT up 348 Percent Y-o-Y to Rs. 3.04 crore in Q4FY25

    Deliure Unveils Exclusive Tres Leches Cakes for Mumbai’s Dessert Lovers

    Maximus International’s Momentum Continues: Strategic Investments Fuel 26 Percent EBITDA Growth

    Profin Range of Aluminium Profiles by Hafele

    Recent Posts
    • Aayush Wellness’s FY25 Revenue Rockets 8,645%, Net Profit Soars 489%
    • Aristo Bio-Tech FY25 PAT Rises to Rs 4.06 Cr, Revenue Jumps 30 Percent to Rs 318.09 Cr
    • IFL Enterprises Ltd reports stellar turnaround in FY25; PAT up 348 Percent Y-o-Y to Rs. 3.04 crore in Q4FY25
    • Deliure Unveils Exclusive Tres Leches Cakes for Mumbai’s Dessert Lovers
    • WARF Invites Colleges to Join India’s Top 2025 Ranking Survey for Engineering, Medical, MBA and Law

    Aayush Wellness’s FY25 Revenue Rockets 8,645%, Net Profit Soars 489%

    31/05/2025

    Aristo Bio-Tech FY25 PAT Rises to Rs 4.06 Cr, Revenue Jumps 30 Percent to Rs 318.09 Cr

    31/05/2025

    IFL Enterprises Ltd reports stellar turnaround in FY25; PAT up 348 Percent Y-o-Y to Rs. 3.04 crore in Q4FY25

    31/05/2025

    Deliure Unveils Exclusive Tres Leches Cakes for Mumbai’s Dessert Lovers

    30/05/2025

    WARF Invites Colleges to Join India’s Top 2025 Ranking Survey for Engineering, Medical, MBA and Law

    30/05/2025

    Maximus International’s Momentum Continues: Strategic Investments Fuel 26 Percent EBITDA Growth

    30/05/2025
    Facebook Twitter Pinterest Vimeo WhatsApp TikTok Instagram

    MENU

    • Home
    • Business
    • Education
    • Home
    • Business
    • Education
    • National
    • Lifestyle

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 PNN Digital. Designed by Primex Media Services.
    • About Us
    • Legal Disclaimer
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.