Navneet Futuretech Limited entered into share purchase agreement to acquire 18.79% stake in Genext Students Private Limited from Sat Industries Limited (BSE:511076) on September 23, 2022. As per the transaction Navneet is acquiring 10,10,127 shares. Sat Industries Limited board approved the deal. As of May 6, 2023, NCLT has given final sanction to the Composite Scheme of Arrangement. The transaction is expected to complete on October 31, 2022. The appointed date of the Composite Scheme of Arrangement is April 1, 2023.

Navneet Futuretech Limited completed the acquisition of 18.79% stake in Genext Students Private Limited from Sat Industries Limited (BSE:511076) on May 17, 2024.