The Board of Career Point Limited (NSEI:CAREERP) announced the spin-off of 36.32% stake in Career Point Edutech Ltd. on February 14, 2023. As per the transaction, 1 equity share of Career Point Edutech Ltd. to be issued for every 1 equity share of Career Point Limited. The transaction is approved by board of directors of Career Point Limited and is subject to regulatory approvals.

As of January 6, 2024, NCLT has passed first motion order and directed to convene the meeting of shareholders on February 17, 2024.