Multibagger stock, March 3 -- Shanti Educational Initiatives share price will remain in focus on Wednesday, March 4, after the company's board approved the proposed scheme of arrangement between Shanti Educational Initiatives Limited (SEIL) and Shanti Learning Initiatives Private Limited (SLIPL) and GREW Energy Private Limited (GEPL).

Shanti Educational Initiatives share price ended in the green on Monday, despite the Indian stock market crashing over 1% amid rising geopolitical tensions in the Middle East. The multibagger stock eked out 0.50% gain to end at Rs.198.95 apiece.

In a press release dated March 2, the company said that the scheme proposes, in its first stage, a slump sale of the business undertaking from SEIL to SLIPL, in ex...