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...
HDFC Bank approves 100% stake sale of subsidiary HDFC Education to Vama Sundari Investments for ₹192 crore
HDFC Bank has approved the complete 100 per cent stake sale of its subsidiary firm HDFC Education and Development Services to a private company for a total of ₹192 crore. The board of India’s top private lender on...
SP Jain Group acquires California Miramar University
The SP Jain Group has acquired California Miramar University (CMU), which will allow the group that runs business schools to offer artificial intelligence-related master’s and bachelor’s programmes to global students...
NCLT admits insolvency plea against Byju’s. Here’s what it means for the edtech platform
Byju’s, once India’s most celebrated startup, has been grappling with an escalating financial crisis, facing mounting legal battles with creditors amid a severe cash crunch. On 16 July, the National Company Law...
NCLT levies ₹20,000 cost on Byju’s for failing to reply to plea by Surfer Tech
The Bengaluru bench of the National Company Law Tribunal has levied a cost of ₹20,000 on edtech platform Byju’s for the delay in filing its reply to a petition by Surfer Technologies. As an operational creditor, Surfer...
NCLT refuses to stay Byju’s EGM to increase its authorised share capital
The National Company Law Tribunal on Thursday refused to stay Byju’s extraordinary general meeting (EGM) that will be held today to augment the authorised share capital of the beleaguered edtech company, giving...
