NIIT Ltd board has approved the purchase of an additional 19.50 lakh equity shares of NIIT Institute of Finance Banking and Insurance Training Ltd (IFBI) to fully acquire the subsidiary, according to an exchange filing...
NIIT acquires Coimbatore-based deep skilling training provider iamneo
Skills and talent development corporation NIIT has acquired a 70 per cent stake in iamneo, a deep skilling technology training solutions provider, for a consideration of ₹61.3 crore. “The consideration includes a...
Abu Dhabi’s Mubadala to buy $600 million stake in UK school operator Nord Anglia
Abu Dhabi sovereign wealth fund Mubadala Investment Company said on Thursday it would acquire a minority stake in UK private school operator Nord Anglia Education for $600 million, joining a global consortium led by...
Arihant Academy acquires Carmel Classes for Rs 10 crore
Education firm Arihant Academy on Thursday said it has acquired 100 per cent stake in Carmel Classes and Carmel Tuitions in a deal valued at USD 1.2 million (about Rs 10.2 crore). The deal covers a substantial...
Karnataka HC lifts NCLT freeze on Aakash Educational Services stake sale
The Karnataka High Court on Tuesday quashed an order of status quo on the shareholding of Aakash Educational Services Limited (Aakash) and sent the matter back to National Company Law Tribunal (NCLT) Bengaluru for...
Veranda acquires 40% stake in BB Virtuals and 65% stake in Navkar Digital
Veranda Learning Solutions has taken a 40.41% stake in BB Publications (BB Virtuals) and acquired 65% stake in Navkar Digital Institute (Navkar Digital). Veranda Learning will acquire an additional 10.59% stake in BB...
NextLeap Acquires PM School to expand product management education in India
NextLeap, a Bengaluru-based workforce skilling platform helping professionals transition into technology roles, has acquired PM School, a product management education provider. This acquisition aims at strengthening...
Byju’s insolvency: NCLT reinstates Glas Trust as financial creditor, ejects resolution professional
The National Company Law Tribunal on Wednesday reinstated Glas Trust Co. Llc and Aditya Birla Finance Ltd as Byju’s financial creditors, in a major setback to the edtech company as the two lenders will now have a...
NCLT rejects Akshay Kumar’s insolvency plea against edtech Cue Learn
The National Company Law Tribunal’s (NCLT) Delhi bench has dismissed Bollywood actor Akshay Kumar’s plea to initiate insolvency proceedings against ed-tech company Cue Learn Pvt. Ltd. Kumar had filed a plea...
Edtech firm BrightChamps acquires Edjust in a cash-and-stock deal
Edtech platform BrightChamps said it has acquired Indian K-12 education marketplace Edjust to bolster global expansion. The cash-and-stock deal concludes BrightChamps’ fourth acquisition since its inception in 2020 –...
Byju’s insolvency: Riju Raveendran approaches NCLT to seek inclusion in case
Riju Raveendran, the largest shareholder of edtech company Byju’s and brother of founder Byju Raveendran, approached the insolvency tribunal on Monday, seeking to be included in the insolvency case deliberations...
Arihant Academy acquires 51% stake in ZEAL Academy
Coaching institute Arihant Academy on Thursday said it has acquired a 51 per cent stake in Zen Educational and Learning (ZEAL Academy) at a valuation of Rs 17 crore. The acquisition will enable Arihant Academy to expand...
